Canada published its employment figures one day earlier than expected. It certainly changed the recent luck. The northern country gained 82.3K jobs, far better than 11.3K that was expected. The unemployment rate dropped from 7.4% to 7.2%, defying a predicted rise to 7.5% and rising to the highest since September. Another good piece of news from the housing sector: building permits rose by 7.5%, around 3 times the early expectations for a rise of 2.6%. In addition, this came on top of a small upwards revision from last month huge drop, making the actual figure even higher. Last month’s drop is now 11.4% instead of 12.3% originally reported. All these figures were published at 12:30 GMT. The only small disappointment came from the highly regarded Ivey PMI: it slid from 66.5 to 63.5, lower than 65.2 that was expected. It’s important to note that a score above 50 means growth, and above 60 reflects strong growth. USD/CAD already flirted with parity early in the day. The employment and housing figures sent is sharply lower, to just above 0.9910 before ticking higher to 0.9923 after the Ivey PMI release. The pair is moving quite slowly in recent months. The news did send it below the 0.9944 line but not under the 0.99 line. For more on the loonie, see the Canadian dollar forecast. Tomorrow, the US will release its own jobs figures. Expectations remain firm. See how to trade this important event with EUR/USD. 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Trading the US NFP Apr 2012 Kenny Fisher 11 years Canada published its employment figures one day earlier than expected. It certainly changed the recent luck. The northern country gained 82.3K jobs, far better than 11.3K that was expected. The unemployment rate dropped from 7.4% to 7.2%, defying a predicted rise to 7.5% and rising to the highest since September. Another good piece of news from the housing sector: building permits rose by 7.5%, around 3 times the early expectations for a rise of 2.6%. In addition, this came on top of a small upwards revision from last month huge drop, making the actual figure even higher. Last month's… 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.