Industry Policy

US April Non - farm Payrolls Report: A Key Variable for Markets

Industry Policy

The US April non - farm payrolls report is set to be a crucial variable for the markets. The market generally expects the addition of 130,000 jobs, the unemployment rate to remain at 4.2%, and the annual growth rate of average hourly earnings to slow to 3.9%. If the data is significantly lower than expected, say the new jobs added are less than 100,000, it may intensify market concerns about a "hard landing" of the US economy, pushing the US dollar index down to test the 98.5 support level, and the pound - dollar exchange rate may test the 1.34 resistance area.more

Canada's Occupational Outlook: 8.1 Million Job Vacancies Expected in the Next Eight Years

Industry Policy

According to the latest report of the Canadian Occupational Projection System (COPS) released by Employment and Social Development Canada (ESDC), Canada is expected to see 8.1 million job vacancies in the next eight years. Nearly 70% of these vacancies will be triggered by a large-scale wave of retirements, while the remaining job demands will be brought about by economic growth.more

Air Travel Set to Undergo Revolutionary Change with Digital Travel Credential

Industry Policy

In the future, air passengers may no longer need physical boarding passes or wait in long queues at the airport to complete cumbersome check - in procedures. The International Civil Aviation Organization (ICAO), a United Nations - affiliated agency, is actively promoting a revolutionary air travel reform plan. The aim is to globally promote the "Digital Travel Credential" (DTC) within three years, completely transforming the existing airport clearance and flight check - in processes.more