Home / Market Update / Forex Market / Canada’s Unemployment Rate stays unchanged at 5% in January

Canada’s Unemployment Rate stays unchanged at 5% in January

The data published by Statistics Canada revealed on Friday that the Unemployment Rate stayed unchanged at 5% in January. This reading came in better than the market expectation of 5.1%.

Further details of the publication revealed that the Net Change in Employment rose by 150,000, surpassing analysts’ estimate of 15,000 by a wide margin. Finally, the Participation Rate edged higher to 65.7% and the annual wage inflation declined to 4.5% from 4.7% in December.

Check Also

European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of the …