2:33 PM · 2 December 2022

BREAKING: USDCAD jumps above 1.35 after Canadian jobs data

Canadian labor market report for November was released today at 1:30 pm GMT, simultaneously to the jobs report from the United States. While the market's attention was focused on NFP data, the Canadian report was quite interesting as well. While total employment data showed a small increase that was slightly above expectations, it should be noted that it was another month of strong growth in full-time jobs, that managed to more than offset a 40.6k drop in part-time employment. This is a welcome development as full-time jobs are more desirable. Unemployment rate ticked lower from 5.2 to 5.1%.

Canadian jobs report for November:

  • Employment change: +10.1k vs +5.5k expected (108.3k previously)

  • Full-time employment change: +50.7k vs 119.3k previously

  • Part-time employment change: -40.6k vs -11.0k previously

  • Unemployment rate: 5.1% vs 5.3% expected (5.2% previously)

  • Participation rate: 64.8% vs 64.9% expected (64.9% previously)

While Canadian jobs data can be seen as solid, USDCAD spiked due to significant acceleration in US wage growth. The pair climbed above 1.35 following the release.

Source: xStation5

17 July 2026, 7:19 AM

Economic calendar - Europe's Inflation and US Housing Market in Spotlight

16 July 2026, 7:59 AM

Economic Calendar: Earnings, US Retail Sales and Fed to Fight for Investors' Attention (16.07.2026)

16 July 2026, 7:05 AM

BREAKING: GBPUSD up 0.1% after better-than-expected UK GDP data 🇬🇧 📈

15 July 2026, 7:14 PM

Daily Summary: Wall Street Gains, Dow Jones Near All-Time Highs After Softer PPI Data

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