Canadian jobless rate unchanged in August

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Source: Forexpros

Canadian unemployment rate remained unchanged at 7.3 per cent, in line with market expectations, Statistics Canada reported on Friday.  At the same time, employment rose by 34.3 thousand jobs, after falling 30.4 thousand in the preceding month, beating expectations of 10 thousand.

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Fri, 07 Sep 2012 16:21:35 GMT

Canadian labor productivity declined more than expected

Statistics Canada reported on Friday that labor productivity in Canadian businesses fell by 0.4% in the second quarter, compared to no change during the three previous months. The real GDP of businesses increased by only 0.5%, while the amount of hours worked grew by 0.9%. The fall in labor productivity was steeper than expected, since analysts predicted that it would remain unchanged.

Fri, 07 Sep 2012 17:15:46 GMT

Oil futures soared after U.S. economic data

Oil futures edged higher after unemployment rate in the world's biggest economy fell by 0.2% and Eurozone's policy makers agreed on launching massive bond buying program. Light sweet crude futures for delivery in October traded at $96.16 per barrel, adding 0.67%.

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