Highlights of the Canadian jobs report:

  • Net change in employment -19.7 vs -5K expected
  • Prior was +28.7K
  • Unemployment rate 6.8% vs 6.9% expected
  • Participation rate 65.8% vs 65.9% exp
  • Full time employment 46.9K vs -28.2K prior

The six-month moving avg in Canadian employment is at the lowest since Feb 2012

Before the report, Greg had a great look at the USD/CAD technicals.

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