Canada Unemployment Rate
|Latest Release:||13-03-2015 12:30:00|
|Next Release:||08-11-2013 13:30:00|
The Canadian dollar fell to a nearly two-week low on Monday, as last weekâs disappointing jobs report overshadowed a surprise surge in July building permits.
The loonie, as the Canadian currency is called, plunged 0.80 percent to 0.9114, erasing early-month gains that resulted from a high-profile corporate merger involving Tim Hortons, as well as a stronger than forecast second quarter GDP report.
The USD/CAD exchange rate advanced 0.88 percent to 1.0976. The pair is testing the 1.0973 resistance after overcoming the 1.0909 and 1.0939 barriers.
The loonie weakened against the euro, as the EUR/CAD advanced 0.44 percent to 1.4155. The pair faces immediate support at 1.4053 and resistance at 1.4141.
The loonie advanced against the British pound, as the prospect of Scottish independence continued to weigh on sentiment. Meanwhile, UK house prices rose at a slower rate than forecast last month. The GBP/CAD declined 0.47 percent to 1.7677. The pair faces immediate support at 1.7710 and resistance at 1.7807.
Canadaâs currency was little changed against the Japanese yen, as the CAD/JPY consolidated at 96.55. The pair faces initial support at 96.11 and resistance at 97.08.
The Canadian dollar is still troubled by a disappointing jobs report released on Friday showing overall employment unexpectedly declined last month.
Overall employment in the worldâs eleventh largest economy declined 11,000 in August, following a revised gain of...
Business » Canadian employment declines in AugustPosted Sep 5th, 2014 at 01:12 PM
Canadian employment declined in August, taming expectations the countryâs labour market was improving in the second half of the year after struggling with consistency throughout much of 2014....
Forex » Loonie Advances as BOC Acknowledges "Stronger...Posted Sep 3rd, 2014 at 11:23 PM
The Canadian dollar advanced against its US counterpart Wednesday, as the Bank of Canada acknowledged the economy was growing as expected amid renewed optimism that a recently brokered ceasefire...
Business » BOC Keeps Rate Target on Hold for Fourth...Posted Sep 3rd, 2014 at 11:12 PM
The Bank of Canada left its key rate target unchanged on Wednesday, as policymakers maintained their neutral stance on monetary policy amid signs the economy was gradually improving. The target...
Business » Canadian Manufacturing Industry Hits 9-Month High...Posted Sep 2nd, 2014 at 04:33 PM
Canadaâs manufacturing industry in August expanded at the fastest pace in nine months, as higher output and new orders supported the fastest pace of job creation in almost one year. The Royal...
Forex » Burger King-Tim Hortons Merger Boosts Canadian...Posted Aug 27th, 2014 at 04:43 PM
The Canadian dollar rebounded for a second consecutive day against its US counterpart following news Burger King (NYSE:BKW) had acquired Tim Hortons (NYSE:THI), Canadaâs favourite coffee chain....
Analysis and Opinion » Canadian Dollar Stops Short of 92 Cents ahead of...Posted Aug 14th, 2014 at 06:06 PM
The Canadian dollar approached 92 US cents Thursday, but failed to generate additional momentum ahead of a revised jobs report from the governmentâs statistics agency on Friday. The loonie, as...
Business » Statistics Canada to Revise July Job Numbers...Posted Aug 13th, 2014 at 03:30 PM
Statistics Canada is rushing to release a revised estimate of the July jobs report after the agency said it detected an error in the processing of last weekâs market-moving data release. The...
Forex » Canadian Dollar’s Modest Rebound in JeopardyPosted Aug 11th, 2014 at 04:40 PM
The Canadian dollar edged higher against its US counterpart Monday, but the rebound is expected to be short-lived as weak fundamentals and escalating geopolitical tensions continue to weigh on the...
Analysis and Opinion » Canadian Dollar Pacing for Third Weekly Decline...Posted Aug 8th, 2014 at 06:08 PM
The Canadian dollar faltered on Friday and is pacing for its third consecutive weekly decline, as weak employment figures underscored concerns about the countryâs economic outlook. The loonie,...
Business » Canadian unemployment rate drops as fewer people...Posted Aug 8th, 2014 at 01:20 PM
Overall employment in Canada was little changed in July, as the unemployment rate dropped as a result of fewer job-seekers, adding to the already troubled assessment of the countryâs labour market....
|Forex Broker Spreads »|
|Most Popular Articles »|
- VSE Corporation to Introduce Global Defense Sustainment Capabilities at IDEX 2015 8 views
- Bitcoin at the centre of international drug trade 2 views
- USD/JPY below 120.00, EUR/USD up into 1.07 handle 2 views
- Cable Ticks Higher On UK Inflation Expectations 2 views
- Further Fall In Eurozone Manufacturing PMI’s 1 view
- Western Union Offers Apple PayTM as New Pay-In Option for Money Transfer Customers 1 view
- UK retail sales unexpectedly drop in October 1 view
- Unilever Acquires Talenti(R) Gelato & Sorbetto 1 view
- Sterling Steady’s Following MACD Sell Signal 1 view
- Fiat Races Higher on Chrysler Acquisition 1 view