Canadian employment change for August. 22.1k Expected: 25k after -2.8k in July reading
- Unemployment rate. 6.6% Expected 6.5% vs. 6.4% in July
- Average hourly wage. 4.9% Expected 4.8% y/y vs. 5.2% y/y in July
- Participation rate. 65.1% Expected 65% vs. 65% in July
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appEmployment change was weaker than expected on MoM basis with unemployment rate higher than expected(market's expected rise to 6.5%) andaverage hourly wage came in higher YoY. Despite the data, CAD strengthened, pressuring sentiments on USDCAD. This might be the result of US payroll data. On USDCAD look for potential of hammer candlestick closing.
Source: xStation
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.
