Highlights of the Canadian November employment report:

  • Prior reading was +43.1K
  • Unemployment rate 6.6% vs 6.6% exp
  • Prior unemployment rate 6.5%
  • Full time +5.7K
  • Part time -16.3K
  • Participation rate 66.0% vs 66.0% exp

The numbers are overshadowed by the big beat in non-farm payrolls but the full-time/part-time breakdown is a bit better than the headline suggests. Overall, the Canadian dollar can benefit on the crosses from strength in the United States.


  • Canadian trade balance +0.1B vs +0.2B exp
  • Exports $44.92B vs $44.89B prior
  • Imports $44.82 vs $44.59B exp