Read more

BREAKING: CAD gains after strong Canadian labor market data

2:13 PM 11 July 2025

12:30 PM GMT, Canada – June Labor Market Data:

  • Employment Change: Current: 83.1K; Forecast: 0.9K; Previous: 8.8K

  • Unemployment Rate: Current: 6.9%; Forecast: 7.1%; Previous: 7.0%

The Canadian dollar strengthened sharply against the U.S. dollar as the stronger-than-expected labor data increased the likelihood of a more hawkish stance from the Bank of Canada regarding its monetary policy.

The Canadian swap market now prices the probability of a rate cut by the Bank of Canada this month at 18%, down from 27% prior to the employment data release.

Share:
Back

Market News

11.07.2025
19:21

Daily summary: Bitcoin sets new all-time high at $118k 📈Oil gains, wheat drops 2%

Wall Street showed signs of mild uncertainty today. Although major indices remain near record highs, trading was cautious as investors await details...

 18:44

OIL gains 2% 📈

Oil prices rebound slightly on Friday, though the market remains cautious. Investors are evaluating potential new sanctions on Russian crude, offset...

 18:05

Three markets to watch next week (11.07.2025)

The upcoming week may be very interesting in terms of macro publications. Among the U.S. reports alone are the CPI report, retail sales, and data from...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits