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Canadian Unemployment Rate Update

Dec 6, 2024

Bank of Canada may cut Interest rates by 0.5%

The Canadian unemployment rate increased to 6.8% in November, the highest since 2017 (excluding the COVID-19 pandemic years of 2020 and 2021). The unemployment rate has been trending upward since April 2023. U.S unemployment rate also increased to 4.2% from 4.1%.

 

Bank of Canada also released its forecast for next week’s interest rate decision, and we could potentially see a 0.5% drop in the overnight rate.


Currently, the CAD is down against most major currencies.


As of 11:00am EST

DOW is stable

NASDAQ up 0.5%

Crude Oil is down 1.5%


Important upcoming:

  • Dec 11 - U.S CPI stats

  • Dec 11 - Bank Of Canada Interest Rate

  • Dec 12 - European Central Bank Interest Rate

  • Dec 12 - U.S PPI stats

  • Dec 13 - UK GDP


If you wish to discuss how to mitigate risk and manage your forex exposure, feel free to email us at: info@pulsefx.com or call us at: 416 848 1028

For clients based in Canada,  Pulse FX Corp’s payment and foreign currency exchange services are provided by Ebury Partners Canada Limited.  Ebury Partners Canada Ltd. is registered as Money Services Business (“MSB”) with the Financial Transactions and Reports Analysis Centre (“FINTRAC”) (Reg. No.: M17949017) and licensed as an MSB with Revenue Quebec (Licence No. 12062).

Pulse FX Corp. (trading as PulseFX) is a company registered in Canada (registered no. 1634388-1). Registered address: 8-20 Great Gulf Drive, Vaughan, Ontario, Canada, L4K 0K7

For clients based in The United States, payment and e-money services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) https://www.currencycloud.com/legal/terms/

Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here.  VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

Pulse FX Corp (PulseFX) helps Canadian firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. PulseFX can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. PulseFX may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions

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