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BREAKING: USDCAD mixed after strong Canadian labour market data

1:42 PM 6 June 2025

Canadian Employment Change in May: 8.8k (Forecast -10k, Previous 7.4k)

  • Canadian Average Hourly Earnings YoY: 3.5% (Forecast 3.2%, Previous 3.50%)
  • Canadian Participation Rate: 65.3% (Forecast 65.3%, Previous 65.3%)

The US NFP report came in stronger than expected and that's why USDCAD pair reaction is limited despite strong Canadian labor market data. However, finally, Canadian Dollar strengthens.

 

Source: xStation5

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