The Canadian economy lost 63K jobs in December, the worst number since April. Analysts at RBC Capital Markets expect the first quarter to be a challenging one for the economy, with no growth in GDP expected. Key Quotes: “The 63k drop in employment in December was the first decline since the spring, albeit only a fraction of the 3 million pullback over March and April last year. The unemployment rate edged up to 8.6% from 8.5% and the labour force participation rate fell.” “With virus spread remaining at alarming levels in much of Canada, and containment measures being extended and expanded, both the labour market and broader economic recovery appear to have stalled.” “We expect the first quarter of 2021 will be a challenging one for the Canadian economy, with no growth in GDP expected. As vaccinations become more broadly distributed we look for the economy to regain its momentum leading to a recovery in job creation.” 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 Fed’s Clarida: Dollar level not something that causes me concern FX Street 11 months The Canadian economy lost 63K jobs in December, the worst number since April. Analysts at RBC Capital Markets expect the first quarter to be a challenging one for the economy, with no growth in GDP expected. Key Quotes: “The 63k drop in employment in December was the first decline since the spring, albeit only a fraction of the 3 million pullback over March and April last year. The unemployment rate edged up to 8.6% from 8.5% and the labour force participation rate fell.” “With virus spread remaining at alarming levels in much of Canada, and containment measures being extended and… 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.
