09.01.2025 - Employment Data from Canada (December):
- Employment Change: 8,2k (Expected: -5,5k; Previous: 53,6k)
- Full-Employment Change: 50,2k (Previous: -9,4k)
- Part-Time Employment Change: -42k (Previous: 63k)
- Average Hourly Rate: 3,7% (Previous: 4%)
- Participation Rate: 65,4% (Previous: 65,1%)
- Unemployment Change: 6,8% (Expected: 6,6%; Previous: 6,5%)
Most recent data from Canada's labour market proven surprising. Market expected decline in employment, as well as large shift into part-time roles, but data publication showed the opposite. Employment increased and there was a very large shift into full-time employment. Average rate also increased, although less than expected. Participation rate increased slightly. In light of this data, the increase in unemployment above expectation proves especially perplexing.
Market interpreted the data as a sign of strength of Canadian economy. CAD notes slight gains to USD.
USDCAD (M1)
Source: xStation5
Daily summary: Markets recover optimism at the end of the week
Three Markets to Watch Next Week (09.01.2026)
What does newest NFP report tells us?
US OPEN: Investors exercise caution in the face of uncertainty.
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
