A very poor number for the Canadian Employment report this morning,
the market was expecting 25k new jobs to have been created in July and the
economy only created 200 jobs. The economy lost 59,700 full-time jobs and added
60k part-time jobs which just shows the quality of jobs in Canada is declining.
As we expected the USD.CAD rate jumped much higher and now the Loonie looks like it will trade weaker throughout the day.
Mike
No comments:
Post a Comment