Canada August 2018 employment report on 07.09.2018

  • prior 54.1K
  • Unemployment rate 6.0% vs 5.9% exp, prior 5.8%
  • Full time employment change 40.4K vs -28K prior
  • Part time employment change -92K vs 82K prior
  • Participation rate 65.3% vs 65.4% exp, prior 65.4%

Negative surprise there, massive lay offs on the part timers, only partially compensated with full time rotations.
Headline unemployment number back at 6.0%.
Not great USDCAD spikes back up to 1.3175. 1.3210/25 still the area to watch.


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