Canada posts marginal increase in jobs
Canada’s economy added much less jobs than expected in January and less than the previous month. The latest jobs figures, published by Statistics Canada, show indicate a slowdown in Canada’s economic recovery after a modest rebound in December.
Net change in employment was 2’300 in January, down from 17’500 the previous month and lower than consensus for 24’500. The unemployment rate rose to 7.6% from 7.5% against expectations for 7.5%.
USD/CAD rose to a session high of 1.0022 after the jobs report from Canada.
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