“The Canadian economy added 67k jobs in January, well in excess of the market consensus for a 5k increase,” note TD Securities analysts. Key quotes “A 0.2pp increase in the participation rate saw the unemployment rate rise to 5.8% (market: 5.7%) while wage growth for permanent employees firmed modestly to 1.8% y/y.” “The combination of robust job growth, firmer wages and a drift higher in the participation rate make for a strong report on all fronts. This should help support the Bank of Canada’s bias towards higher rates, although the weakness across the energy sector and Alberta provide evidence of the headwinds to the economy in Q1.” “FX: USDCAD collapsed following the report but we think the dip should be faded towards 1.3220. CAD’s beta to risk and oil have risen appreciably suggesting difficulty in sustaining gains with any degree of confidence amidst a slowing global growth backdrop.” 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 Ethereum refutes claims it is spending $15 million for the development VDFs FX Street 4 years "The Canadian economy added 67k jobs in January, well in excess of the market consensus for a 5k increase," note TD Securities analysts. Key quotes "A 0.2pp increase in the participation rate saw the unemployment rate rise to 5.8% (market: 5.7%) while wage growth for permanent employees firmed modestly to 1.8% y/y." "The combination of robust job growth, firmer wages and a drift higher in the participation rate make for a strong report on all fronts. This should help support the Bank of Canada's bias towards higher rates, although the weakness across the energy sector and Alberta provide evidence of… 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.
