The post Canada Unemployment Rate rises to 6.8% in November vs. 6.6% expected appeared on BitcoinEthereumNews.com.

Unemployment Rate in Canada rose at a faster pace than expected in November. USD/CAD trades in positive territory near 1.4100 after the data. The Unemployment Rate in Canada rose to 6.8% in November from 6.5% in October, Statistics Canada reported on Friday. This reading came in above the market expectation of 6.6%. Other details of the data showed that Net Change in Employment was +50.5K in this period, compared to the market expectation of 25K. Additionally, the participation rate rose to 65.1% from 64.8%, while the Average Hourly Wages rose by 3.9% on a yearly basis. Market reaction USD/CAD gained traction following this data and was last seen rising 0.5% on the day at 1.4090. Source: https://www.fxstreet.com/news/canada-unemployment-rate-rises-to-68-in-november-vs-66-expected-202412061404

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Filed under: News - @ December 6, 2024 3:28 pm