According to the Canadian Statistics Office, Canada generated 1,100 jobs in February after creating 76,000 in Januaryits lowest level in seven months. The data is well below the 20,000 jobs expected by the market.
The unemployment rate remained unchanged in 6.6%improving the expected 6.7%. The participation rate was reduced to 65.3% from 65.5% of the previous month.
He average hourly salary increased at a rate of 4% year -on -yearexceeding 3.7% of January. This is the greatest salary increase in the last four months.
Canadian dollar reaction
The Candiense dollar has bouncing against the US dollar, since both the United States and Canada have presented worse employment figures. After falling to 1,4324 and then climbing 1,4348, the USD/CAD now quotes over 1,4342, winning 0.23% daily.
Economic indicator
Net change in employment
Data published by Statistics Canada which measures changes in the number of people employed in Canada. An increase in this indicator has positive implications on consumer spending and ends up stimulating economic growth. A result superior to the market consensus is bullish for the Canadian dollar, while a lower result is bassist.
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Last publication: Vie Mar 07, 2025 13:30
Frequency: Monthly
Current: 1.1K
Dear: 20k
Previous: 76K
Fountain: Statistics Canada
Canada’s labor market statistics tend to have a significant impact on the Canadian dollar, and the exchange figure in employment has most of the weight. There is significant correlation between the number of people who work and consumption, which impacts inflation and rates decisions of the Bank of Canada, which in turn move the Canadian dollar. The real figures that exceed consensus tend to be bullies of the CAD, and the currency markets usually react constantly and consistently in response to the publication.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
