BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

14:30 - Canada Employment Data (November):

Employment Change: 53,6k (Expected: -1.5k, Previous: 66.6k)
Unemployment Rate: 6,5% (Expected 7%, Previous: 6.9%)
Participation Rate: 65,1% (Previous: 65.3%)
Avg. Hourly Wage Change: 4% (Previous: 4%)

Labor market in Canada shows signs of noticeable improvement, with unemployment falling by 0,4% compared to expected growth by 0,1%.

Bank of Canada will find many fewer reasons to urgently cut interest rates in such an environment, USD sharply declines to CAD, as expected spreads between implied target interest rates lessen.

USDCAD (M1)

Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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