Canada Unemployment Rate declines to 6.5% in September vs. 6.7% expected
Source Fxstreet
- Unemployment Rate in Canada declined slightly in September.
- USD/CAD pushes lower following the upbeat Canadian employment data.
The Unemployment Rate in Canada edged lower to 6.5% in September from 6.6% in August, Statistics Canada reported on Friday. This reading came in below the market expectation of 6.7%.
Further details of the jobs report showed that the Net Change in Employment came in at 46.7K in the same period, up sharply from 22.1K in August. Finally, the Average Hourly Wages rose 4.5%, at a softer pace than the 4.9% increase recorded in August, while the Participation Rate declined to 64.9% from 65.1.
Market reaction
USD/CAD turned south with the immediate reaction and retreated from the two-month high it set above 1.3780. At the time of press, the pair was virtually unchanged on the day at 1.3740.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After Upheaval in the World’s Largest Oil Reserve Holder, Who Will Emerge as the Biggest Winner in Venezuela’s Oil Market?US President Donald Trump announced late Tuesday that the interim Venezuelan authorities would deliver 30 million to 50 million barrels of crude oil to the United States.Trump posted on s
US President Donald Trump announced late Tuesday that the interim Venezuelan authorities would deliver 30 million to 50 million barrels of crude oil to the United States.Trump posted on s
Bitcoin encounters resistance near $95,000, threatening its upward momentum despite weekly support at $93,500 holding strong.
Solana’s 2025 Review Flags Fresh Records Across Revenue, Wallet Activity and DEX VolumeSolana’s 2025 annual review reports fresh all-time highs across app revenue, wallet activity and trading—highlighting $2.39 billion in app revenue, $1.5 trillion in DEX volume and $1.02 billion in ETF net inflows as SOL trades at $138.50, still 50% below its $293 peak.
Solana’s 2025 annual review reports fresh all-time highs across app revenue, wallet activity and trading—highlighting $2.39 billion in app revenue, $1.5 trillion in DEX volume and $1.02 billion in ETF net inflows as SOL trades at $138.50, still 50% below its $293 peak.
Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
