ING says jobs rebound unlikely to lift Canadian dollar
ING’s Francesco Pesole said upcoming Canadian employment data are unlikely to move the Canadian dollar much, with rate expectations mainly supported into December rather than October.
1000 GMT - Upcoming Canadian employment data could show a rebound of more than 10,000 jobs in September after about 42,000 losses in August, but ING's Francesco Pesole said that should not have a major effect on the Canadian dollar. Pesole said the figures are unlikely to increase expectations for the Bank of Canada to raise interest rates in October, though they could still support a move by December, which is already fully priced in. S. dollar.
S. 420 would require improvement in global bond markets. The data are due at 1230 GMT. October 09, 2026 06:00 ET (10:00 GMT) of investment research.