The Canadian dollar strengthened against the greenback every bit Canada’s unemployment charge per unit of measurement dropped 0.1 per centum inwards Jan to 6.8 percent.
The Labour Force Survey, compiled past times
Statistics Canada, showed a sizeable outflow inwards the position out of employed Canadians inwards Jan (+0.3%).
The entirely Canadian province that saw declines inwards the position out of working Canadians was New Brunswick, alongside Ontario, British Columbia, Nova Scotia, Newfoundland together with Labrador reaping all the gains.
Key metrics for January:
Ontario: +29,000, 6.4% unemployment rate.
British Columbia: +11,000, 5.6% unemployment rate.
Nova Scotia: +4,200, 7.7% unemployment rate.
Newfoundland together with Labrador: +2,200, 13.8% unemployment rate.
Quebec: 6.2% unemployment rate.
Alberta: +1,000, 8.8% unemployment rate.
New Brunswick: -3,000, 8.9% unemployment rate.
In January, virtually novel jobs were created inwards the service sector (finance, insurance, existent estate), “On the other hand, in that place were fewer people working inwards information, civilization together with recreation.,” says Statistics Canada.
The CAD jumped 0.44 per centum against the U.S. dollar inwards the minutes next the annunciation of the unemployment rate. At press time, the USD/CAD currency duet is trading downwards 0.58 per centum at 1.3071:
CAD banknotes photograph past times
KMR Photography
