Unemployment Rate in Canada rose to 5.6% in February as expected. USD/CAD continues to cling to modest daily gains after the data. “Employment was little changed in February (+30,000 or +0.2%), and the unemployment rate increased by 0.1 percentage points to 5.6%,” Statistics Canada reported on Friday. The Unemployment Rate came in line with the market expectation and the Net Change in Employment (30K) beat the analysts’ estimate of +10K. USD/CAD reaction The labour market report from Canada doesn’t seem to be having a significant impact on the CAD’s performance. As of writing, the USD/CAD pair was up 0.1% on a daily basis at 1.3420. 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 US: International trade deficit in January narrowed to $45.3 billion FX Street 2 years Unemployment Rate in Canada rose to 5.6% in February as expected. USD/CAD continues to cling to modest daily gains after the data. "Employment was little changed in February (+30,000 or +0.2%), and the unemployment rate increased by 0.1 percentage points to 5.6%," Statistics Canada reported on Friday. The Unemployment Rate came in line with the market expectation and the Net Change in Employment (30K) beat the analysts' estimate of +10K. USD/CAD reaction The labour market report from Canada doesn't seem to be having a significant impact on the CAD's performance. As of writing, the USD/CAD pair was up 0.1% on… 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.
