USD/CAD: Canadian Employment Change

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The Canadian Dollar weakened against the Greenback, following the Canadian Employment Change data release on Friday. The USD/CAD currency pair gained 28 pips, or 0.21%, to continue fluctuating in the 1.2985 area.

The Statistics Canada released Employment Change data that came out lower-than-expected of negative 7.5K, compared to the negative 1.1K in the previous period. 

"It reinforces the idea that the labour market is really pushing full employment and tightening up enough to drive wage growth," said Bank of Montreal senior economist Robert Kavcic.

Historical Data Table: Canadian Employment Change  Economic Calendar for 09.06.2018
           
Date 09.02.2018 09.03.2018 06.04.2018 11.05.2018 13.06.2018 1:30 AM CNY CPI y/y
Actual -88.0K 15.4K 32.3K -1.1K -7.5K 1:30 AM CNY PPI y/y
Forecast 10.3K 21.3K 20.1K 17.8K 19.1K All Day G7 Meetings
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/CAD 0.98506 0.98724 0.22% AUD/CAD 57.56% 42.44%
CAD/CHF 0.75837 0.75686 -0.20% CAD/CHF 36.07% 63.93%
EUR/CAD 1.52611 1.52628 0.01% EUR/CAD 32.59% 67.41%
USD/CAD 1.29937 1.29943 0.00% USD/CAD 33.77% 66.23%

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