Tag: Canadian Unemployment Rate

USD/CAD – Canadian Dollar Shrugs off Weak Job Numbers, Dramatic Ontario Election

It continues to be an uneventful week for the Canadian dollar, and the trend has continued on Friday. Currently, USD/CAD is trading at 1.3002, up 0.17% on the day. In economic news, Canadian housing and employment data disappointed. Housing Starts dropped to 196 thousand, well off the estimate of 214 thousand. Employment Change declined by 7.5 thousand, […]

USD/CAD – Will Ontario Election Shake Up Canadian Dollar?

It has been an uneventful week for the Canadian dollar, and the trend has continued on Thursday. Currently, USD/CAD is trading at 1.2958, up 0.11% on the day. On the release front, the U.S unemployment claims is expected to edge up to 223 thousand. The Bank of Canada will release its semi-annual Financial System Review, followed by a […]

USD/CAD – Loonie flash plummets on weaker jobs report

Canada Jan Net Jobs -88,000 From Dec Canada Jan Net Jobs Forecast At +10,000 Canada Jan Full-Time Jobs +49,000; Part-Time -137,000 Canada Jan Avg Hourly Wages +3.3% From Year Ago Canada Labor Force -73,700 In Jan From Dec Canada Jan Participation Rate At 65.5% Vs 65.8% In Dec Canada’s unemployment rate ticked up last month […]

USD/CAD -Canadian Dollar in Holding Pattern Ahead of Key Job Reports

The Canadian dollar has ticked higher in the Friday session. Currently, the pair is trading at 1.2609, up 0.05% on the day. On the release front, the focus is on Canadian employment indicators, with the release of Employment Change and the unemployment rate. This week’s market selloff has boosted the US dollar, at the expense of the […]

USD/CAD – Canadian Dollar Steady as Housing Reports a Mixed Bag

The Canadian dollar has ticked higher in the Thursday session. Currently, the pair is trading at 1.2562, down 0.07% on the day. On the release front, Canadian housing numbers were mixed. The New Housing Price Index edged lower to 0.0%, shy of the estimate of 0.1%. This was the first time the index failed to post a […]