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BREAKING: Lower than expected unemployment rate in Canada

2:32 PM 7 February 2025

01:30 PM GMT, Canada - Employment Data for January:

  • Employment Change: actual 76.0K; forecast 25.5K; previous 179.1K;
  • Full Employment Change: actual 35.2K; previous 171.8K;
  • Part Time Employment Change: actual 40.9K; previous 7.1K;
  • Participation Rate: actual 65.5%; previous 0.3%;
  • Unemployment Rate: actual 6.6%; forecast 6.8%; previous 6.7%;
  • Avg hourly wages Permanent employee: actual 3.7%; previous 3.8%;
     

USDCAD dips after the data.

 

 

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