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BREAKING: USDCAD gains after Canadian labour market data

1:32 PM 7 June 2024

Canadian unemployment rate: 6.2% vs 6.2% exp. and 6.1% previously

  • Unemployment rate change: 26.7k vs 22.5k exp. and 90.4k previously
  • Average hourly earnings: 5.2% exp. 4.7% and 4.8% previously
  • Participation force: 65.4% vs 65.5% exp. and 65.4% previously

USDCAD gains after releasing both US and Canadian labour market data. Especially because of the very hawkish NFP from the US, USDCAD sees traders buying spree.

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