Open Demo Account
Home / Market Update / Forex Market / Canada: Unemployment Rate declines to 5.2% in September

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.

Tags

Check Also

Goolsbee Lauds September’s Jobs Report

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends