Home / Forex Analysis / Canada’s unemployment rate falls to 6.3% but USD/CAD rises

Canada’s unemployment rate falls to 6.3% but USD/CAD rises

Canada gained 10.9K jobs in July, slightly better than expected. The unemployment rate dropped surprisingly to 6.3%, but this comes on top of a drop in the participation rate to 65.7%. USD/CAD tops 1.26, but this is due to a favorable jobs report in the US. Canadian was expected to report a gain of 10K jobs […] The post Canada’s unemployment rate falls to 6.3% but USD/CAD rises appeared first on Forex Crunch.

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