- Analytics
- News and Tools
- Market News
- Breaking: Canadian Economy adds 72.5K jobs in March versus 80K expected
Breaking: Canadian Economy adds 72.5K jobs in March versus 80K expected
- The Canadian economy added 72.5K jobs in March, a little less than the 80K expected.
- The Unemployment Rate dropped to 5.3% as forecast from 5.5%, and the BoC is likely to view the data as strong.
- The loonie did not see much of a reaction to the data.
The Canadian economy added 72,500 jobs in March, a tad below the median economist forecast for 80,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a significant deceleration in the pace of job gains versus February when 336,600 jobs were added.
In terms of the breakdown, the Canadian economy added 92,700 full-time jobs and lost 20,300 part-time jobs. The Unemployment Rate dropped as expected to 5.3% from 5.5% in February, while the Participation Rate remained unchanged at 65.4%.
Market Reaction
The loonie did not really see much of a reaction to the latest broadly as expected Canadian labour market figures. The BoC is likely to interpret the report as strong, given it showed a decent pace of job gains last month, which is likely to underpin expectations that the bank hikes interest rates by 50 bps at its next meeting.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
