- Analytics
- News and Tools
- Market News
- Canada: Economy adds 15.3K jobs in April versus 55K median forecast
Canada: Economy adds 15.3K jobs in April versus 55K median forecast
The Canadian economy added 15,300 jobs in April, the latest data release by Statistics Canada revealed on Friday. That was below expectations for a 55,000 job gain and marked a substantial slowdown after March's 72,500 job gain. In terms of the job breakdown, full-time employment fell by 31,600 in April versus a 47,100 rise in part-time employment.
The Unemployment Rate fell as expected to 5.2% from 5.3% in March, but this was driven by a surprise fall in the Participation Rate from 65.4% in March to 65.3% in April.
Market Reaction
The loonie saw a choppy reaction to the latest jobs report and USD/CAD continues to trade flat in the 1.2830s versus pre-data release levels.
© 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
