Canadian employment change (estimate 90.2k vs 100k)
90.2 thousand jobs have been added To the Canadian economy to mark three consecutive months of labor growth. The additions in August have later led to a better-than-expected decline in unemployment (7.3%). 7.1%. The Canadian dollar was lower than the one – minute graph compared to the data and continued to be modestly lower at moments after publication.
USD / CAD 1 minute schedule
The chart was compiled by Richard Snow, IG
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In Canada, the labor market has recovered quite sharply, with more jobs being added and redundancies, as nearly two million jobs were lost in April 2020. However, the last two jobs have been positive – 230.7 thousand and 94,000 kroons in June and July, respectively.
The people of North America have benefited from both demand and sustained growth oil price the global economic recovery continues despite the challenges posed by the proliferation of the Delta option. The Canadian dollar benefited from a steady decline USD/ CAD since its peak in March 2020, but has given up some of these gains in the initial phase of H2 US dollar installed a return.
Comparison table: USD / CAD vs WTI Futures
The chart was compiled by Richard Snow, Tradingview
– Written by Richard Snow for DailyFX.com
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