jonathancamilohoyos

A fundamental week ahead

Long
FX:USDCAD   Dollaro / Dollaro canadese
This week The Bank of Canada (BoC) is meeting on Wednesday to discuss about monetary policy, so "but investors will be looking to see if the BoC looks to adjusts its inflation approach like the Fed to accommodate greater flexibility. Canadian labor market numbers were also released on Friday and, like the U.S., the data was mostly better than expected. Job growth beat expectations, the unemployment rate improved, the participation rate ticked higher, wages grew more than expected and most of the hiring was full time. IVEY PMI was slightly lower in August, but it could have been much worse. The Canadian dollar sold off initially but ended the day higher versus the greenback".
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