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This outlook should be sufficient to keep the unemployment rate near the 5. In other words, we have removed any prospect of rate hikes from the forecast. There are many other factors that can impact the Canadian dollar forecast. If US interest rates are expected to rise, then it could be likely people will forex retail positioning money out of Canada and in to the USA. Although a second government shutdown has been averted, a bigger hurdle will present itself at the end ofwhen Congress needs to reach a new spending deal. Quantitative easing by the Federal Reserve or stimulus in Canada is typically considered a form of tracking interest rates to stimulate the economy. Employment Rate and the Canadian Dollar Forecast When jobs data numbers are reported, they are closely followed by the market. However, Bank of Canada research indicates that, here too, Alberta has been a catalyst, while the rest of the country maintains stronger trends. However, it should be sufficient to hold the unemployment rate at around the forex bandra. Near-term pressures constrain our GDP forecast as a whole to 1.




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