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Canada: Unemployment Rate declines to 5.2% in September

Adel 7 October, 2022 4:56 pm Forex Market, Market Update

The Unemployment Rate in Canada declined to 5.2% in September from 5.4% in August with the Net Change in Employment coming in at 21.1K, slightly better than the market expectation of 20K, the data published by Statistics Canada showed.

The Canadian dollar managed to stay resilient against the greenback, which has started to gather strength on the upbeat Nonfarm Payrolls report. As of writing, USD/CAD was flat on the day at 1.3745.

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