2:35 PM · 11 March 2022

BREAKING: CAD strengthens after upbeat Canadian jobs report

The Canadian economy created 336.6k jobs in February, following -200.1k decline in January and more than market expectations of a 160.0 k increase.

The unemployment rate in Canada fell to 5.5% in February from 6.5% in January, below market expectations of 6.2%.

USDCAD pair fell after today's jobs data releases and is heading towards local support at 1.2710. Source:xStation5

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