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C$ jumps after surprise job creation

Friday, February 10, 2017 9:03
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(Before It's News)

The Canadian dollar rose on Friday on news that the country unexpectedly created jobs last month and that its unemployment rate fell.

The loonie rose 0.5% against the US dollar and touched C$1.3067, from the day’s low of C$1.3158.

Employment rose by 48,000 in January, according to Statistics Canada, compared with economists’ expectations for a loss of 10,000 jobs. The report also showed that December’s employment figures were revised down to 46,100.

The unemployment rate slid by 0.1 percentage points to 6.8%. The report also showed that the labour force participation rate was largely unchanged from a year ago to 65.8%.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/173001/c-jumps-after-surprise-job-creation-173001.html

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