Anticipated Increase in Canadian Unemployment Rate ...Middle East

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Share: The Unemployment Rate in Canada is expected to tick higher in January. A positive surprise could prompt the Bank of Canada to delay rate cut plans. Further cooling of the labour market could put the Canadian Dollar under pressure.   Statistics Canada is scheduled to release the Canadian Labor Force Survey report at 13:30 GMT on Friday. Consensus among market participants expect the labour market report to come in on a mixed tone, somehow reinforcing the latest decision by the Bank of Canada to maintain its interest rates unchanged. After holding its interest rates at 5.00% for the fourth consecutive meeting

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