The Canadian economy lost 4.3K jobs in December, worse than expected. The unemployment rate remained unchanged at 6.6%, exactly as predicted.
USD/CAD is up to 1.1815, on this disappointment as well as the US NFP.
Some more data: full time employment 53.3K, part time -57.7K and the participation rate slides to 65.9% from 66% last time. A rotation between full time and part time jobs is quite common in Canada.
Canada was expected to report a gain of 10.3K jobs in December after a loss of 10.7K jobs back in November. The unemployment rate was expected to remain unchanged at 6.6%.
USD/CAD traded around 1.1815 towards the release.
At the same time, the US also released its own jobs report: the Non-Farm Payrolls.
Update:Â Non-Farm Payrolls +252K, unemployment, unemployment 5.6%
