USD/CAD: Canadian Employment Data Set

The US Dollar appreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 27 pips or 0.20% right after the release. The Greenback continued trading at the 1.3105 level against the Greenback.

Statistics Canada released the Canadian Employment Change data , which came out worse-than-expected of negative 2.2K compared with the forecast of 10.0K. Note, that the US Employment data set was released at the same time.

According to the official release: "There were more people employed in health care and social assistance; educational services; transportation and warehousing; and information, culture and recreation. In contrast, there were fewer people working in wholesale and retail trade; "other services"; manufacturing; and natural resources. The number of employees increased in June, while the number of self-employed declined. More people aged 55 and over were working in June, driven by increases among men. At the same time, fewer men in the core-working age of 25 to 54 were employed. There was little change among both core-aged women and youth aged 15 to 24."