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.
Separately:
- Canadian trade balance +0.1B vs +0.2B exp
- Exports $44.92B vs $44.89B prior
- Imports $44.82 vs $44.59B exp