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- Canada: Economy adds 54.7K jobs in December versus 27.5K median forecast
Canada: Economy adds 54.7K jobs in December versus 27.5K median forecast
- Canada added 54.7K jobs in December, above the 27.5K expected.
- CAD saw some kneejerk strength, though conditions have been choppy.
The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time employment fell 67.7K. The unemployment rate fell to 5.9% from 6.0% in November, below expectations for it to remain unchanged.
Market Reaction
CAD saw kneejerk strength in wake of the latest Canadian jobs report, but trade has been choppy.
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