OctaFX | OctaFX Forex Broker
Open trading account
Back

Canada: Unemployment Rate in February ticked up to 5.6% as expected

  • Unemployment Rate in Canada rose to 5.6% in February as expected.
  • USD/CAD continues to cling to modest daily gains after the data.

"Employment was little changed in February (+30,000 or +0.2%), and the unemployment rate increased by 0.1 percentage points to 5.6%," Statistics Canada reported on Friday. The Unemployment Rate came in line with the market expectation and the Net Change in Employment (30K) beat the analysts' estimate of +10K.

USD/CAD reaction

The labour market report from Canada doesn't seem to be having a significant impact on the CAD's performance. As of writing, the USD/CAD pair was up 0.1% on a daily basis at 1.3420.

EUR/USD challenges 1.13 post-Payrolls

The buying interest around the single currency stays unaltered at the end of the week, with EUR/USD navigating the area above the key barrier at 1.130
Read more Previous

US: International trade deficit in January narrowed to $45.3 billion

The international trade deficit of the US narrowed to $45.3 billion in January from $48.6 billion in December, the data published jointly by the US Ce
Read more Next
Start livechat