DailyFX.com -

Talking Points

  • Canadian Employment Falls by 9,400 in June vs a 20,000 Expected Rise
  • Canadian Employment Rate Rose to 7.1 percent from 7.0 percent
  • USDCAD Ripped Higher on the News Announcement

The Canadian June employment figures disappointed today as employment fell by 9,400 jobs and the unemployment rate ticked higher to 7.1 percent from 7.0 percent. The data fell short of market expectations as business confidence wanes, sending the Canadian Dollar lower against the US Dollar. According to the report by Statistics Canada, part-time positions declined the most since July 2012.

Story: USD/CAD Technical Analysis: Waiting for Greater Clarity

Canadian Labor Market Disappoints in June, USD/CAD Rips Higher

USD/CAD 5-Minute Chart using FXCM Marketscope 2.0

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to dmaycotte@FXCM.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CAD Technical Analysis: July Swing Top Under Pressure

  2. Investing

    USD/CAD: August 2015 Forecast

  3. Forex News

    Monetary Policy Speculation Continues Next Week With NFPs, RBA and BoE

  4. Forex News

    USDCAD Falls Even After Significant Miss in CAD GDP Data

  5. Forex News

    Breakout on Tap Next Week? USDOLLAR Index Eyes Flag Top

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!