Unemployment rate stays unchanged at 5.7% in August as expected. Loonie gathers strength on higher-than-expected rise in number of employed. The data published by Statistics Canada today revealed that the unemployment rate in Canada stayed unchanged at 5.7% in August as expected. Employment, however, increased by 81,000 to beat the market expectation for a rise of 15,000. With the initial market reaction, the USD/CAD pair lost nearly 40 pips and was last seen trading at 1.3187, losing 0.3% on the day. “Compared with August 2018, employment increased by 471,000 (+2.5%), the result of gains in both full- (+306,000 or +2.0%) and part-time work (+165,000 or +4.8%),” Statistics Canada said in its press release. “Over the same period, hours worked were up 1.2%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD plummets to over 1-month lows, below 1.3200 handle post-US/Canadian jobs data FX Street 4 years Unemployment rate stays unchanged at 5.7% in August as expected. Loonie gathers strength on higher-than-expected rise in number of employed. The data published by Statistics Canada today revealed that the unemployment rate in Canada stayed unchanged at 5.7% in August as expected. Employment, however, increased by 81,000 to beat the market expectation for a rise of 15,000. With the initial market reaction, the USD/CAD pair lost nearly 40 pips and was last seen trading at 1.3187, losing 0.3% on the day. "Compared with August 2018, employment increased by 471,000 (+2.5%), the result of gains in both full- (+306,000 or +2.0%)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
