- Prior +8.8K
- Unemployment rate 6.9% vs 7.1% expected
- Prior 7.0%
- Full-time employment +13.5k vs +57.7k prior
- Part-time employment +69.5k vs -48.8k prior
- Participation rate % vs 65.3% prior
- Average hourly wages +3.2% vs +3.5% prior
The unemployment rate tells the story in Canada as it’s risen steadily from 4.8% in July 2022. Excluding the pandemic, it’s now at the highest since 2016.
USD/CAD was trading at 1.3689 ahead of this report and has taken the news of Trump’s tariffs with minimal disturace, clearly betting that it’s a bluff.
This article was written by Adam Button at www.forexlive.com.