Employment in Canada fell more than expected in December. USD/CAD pushes higher toward 1.2700 after the data. Employment in Canada declined by 62,600 in December, compared to analysts’ estimate of 27,500, and the Unemployment Rate ticked up to 8.6% from 8.5% in November as expected, Statistics Canada reported on Friday. “As more provinces adapted their public health measures to slow the spread of COVID-19, total hours worked declined for the first time since April, falling 0.3% in December,” the press release read. “The participation rate declined for the second month in a row in December, falling 0.2 percentage points to 64.9%.” Market reaction With the initial reaction, the USD/CAD pair edged slightly higher and was last seen trading at 1.2688, where it was virtually unchanged on a daily basis. 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 NFP Quick Analysis: America loses jobs, Fed may come to the markets’ rescue, downing the dollar Yohay Elam 11 months Employment in Canada fell more than expected in December. USD/CAD pushes higher toward 1.2700 after the data. Employment in Canada declined by 62,600 in December, compared to analysts' estimate of 27,500, and the Unemployment Rate ticked up to 8.6% from 8.5% in November as expected, Statistics Canada reported on Friday. "As more provinces adapted their public health measures to slow the spread of COVID-19, total hours worked declined for the first time since April, falling 0.3% in December," the press release read. "The participation rate declined for the second month in a row in December, falling 0.2 percentage points to… Top 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.
