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CAD sees little reaction to Canada labour market report

1:37 PM 8 April 2022

The Canadian economy added only72.5 k jobs in March, following a 336.6k gain in February 336.6 and below market expectations of 80k. It was mainly driven by an increase of 93K in full-time work while part-time jobs fell by 20.3K. Employment rose in both the services-producing (42K) and the goods-producing (31K) sectors. Ontario, Quebec, New Brunswick and Prince Edward Island recorded employment growth.

The unemployment rate in Canada fell to 5.3% in March of 2022 from 5.5% in February and in line with analysts' estimates. 

USDCAD saw relatively small reaction to today’s data releases. Currency pair continued to trade around 1.2590 level. Source: xStation5

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