Prior month +14.5KUnemployment rate 6.8% vs 6.6% expected (prior 6.5%)Full-time employment +54.2K vs +25.6K priorPart-time employment -3.6K vs -11.2K priorParticipation rate 65.1% vs 64.8% priorAverage hourly wages y/y 4.1% vs 4.9% priorPrivate sector employment +6.3K vs +20.5K priorPublic sector employment +45K vs -17.2K prior
Ahead of the data, the market was pricing in a 56%
chance of 50 bps cut from the Bank of Canada. The probabilities jumped to 68% for a 50 bps cut after the release.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
