Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
10 Mar 2023

Canadian Jobs Preview: Forecasts from four major banks, a trend reversal would not be surprising

Canada’s employment data for February will be reported by Statistics Canada on Friday, March 10 at 13:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at four major banks regarding the upcoming jobs figures. 

The North American economy is estimated to have created 15K in February as against the whopping 150K in January, with the unemployment rate seen rising a tick to 5.1%.

TDS

“We look for employment to fall by 10K after rising +150K last month, pushing the UE rate to 5.1% but note this will do little to cool an overheated labour market. We are also looking for wage growth to firm to 5.2% YoY.”

NBF

“We expect employment to have fallen 25K in the second month of 2023. Such a decline would translate into a one-tick increase in the unemployment rate to 5.1%, assuming the participation rate remained steady at 65.7% and the working-age population grew at a strong pace.” 

CIBC

“We suspect that employment will only inch up by 5K in February and that the unemployment rate will tick up to 5.1%. Wage growth will look stronger this month, thanks to a weaker comparison from a year ago as low-wage hospitality workers were rehired following the short-lasting shutdown measures in January 2022.”

CitiBank

“February employment should rise a strong 40K, partly on stronger immigration in 2022 continues into 2023. We also expect a pick-up in wage growth and a decline in the unemployment rate to 4.9%.”

 

Mar 10, 2023

GBP/USD: Further weakness emerges below 1.1950 – UOB

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD risks a deeper pullback once 1.1950 is cleared. Ke
Read more Previous
Mar 10, 2023

Spain Retail Sales (YoY) above forecasts (0.9%) in January: Actual (5.5%)

Spain Retail Sales (YoY) above forecasts (0.9%) in January: Actual (5.5%)
Read more Next