Canada July 2018 employment report on 10.08.2018

  • prior 31.8K
  • Unemployment rate 5.8% vs 5.9% exp, prior 6.0%
  • Full time employment change -28K vs 9.1K prior
  • Part time employment change 82K vs 22.7K prior
  • Participation rate 65.4% vs 65.4% exp, prior 65.5%

Better headline but the seasonal rotation between full- and part time jobs put a damper on it.

USDCAD saw an initial drop to 1.3050 on the headline but has recovered to 1.3085 by now


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