Canadian employment data has come in weaker than expected at -2.6k compared to median forecast of +20k. Unemployment rate steady at 8.5%, as forecast.
Canadian dollar has weakened post release, funds up at 1.0370 from around 1.0310.
7 Responses to “Canadian jobs data weaker than expected”
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AUTOREFRESH 
hmmm cad is getting slaughtered. was the number really that bad? its only 22k less than forecast and % was the same, doesnt seem huge to me?
Maybe a precursor to the nfp’s!
DC – This is what I’ve picked up: A 9.7K drop in manufacturing jobs led decline, offsetting gains in the service sector of +9.4K
US service sector is very big isnt it? so from this, we would guess that the service sector in US probably also improved, which would likely give nfp a positive number? hmmm
Wait ‘n see if the market sees through the seasonal adjustments huh.
Speaking of seasonal adjustments – whoever invented slankets must be minting it by now.
Still looking for a nose warmer with a drip tray :S
Super naff