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Canadian jobs almost unchanged, but leap in part time

Canada was expected to lose 4.2K jobs after the superb gain of 95K. It lost only 0.4K jobs, so this is within expectations. The unemployment rate was expected to remain unchanged at 7.1%.

USD/CAD traded above 1.05 before the release and is now above 1.06, due to the excellent jobs report from the US. — updates coming —

A worrying figure is the division between part time and full time jobs: there has been a gain of over 32K part time jobs, contrasting a loss of 32K full time jobs. This is not the desired composition.

Yet again, the Canadian jobs report was released together with the Non-Farm Payrolls report in the United States.

The US gained 195K jobs in May and saw positive revisions for previous figures. Here are more NFP details.

A significant level on the top is 1.0658. 1.0446 is on the downside. For more levels, events and analysis see the USD/CAD forecast.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.