Canadian Employment Change in May: 8.8k (Forecast -10k, Previous 7.4k)
- Canadian Average Hourly Earnings YoY: 3.5% (Forecast 3.2%, Previous 3.50%)
- Canadian Participation Rate: 65.3% (Forecast 65.3%, Previous 65.3%)
The US NFP report came in stronger than expected and that's why USDCAD pair reaction is limited despite strong Canadian labor market data. However, finally, Canadian Dollar strengthens.
Source: xStation5
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