Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Strong Canadian jobs report sends loonie flying

Published 01/05/2018, 09:12 AM
© Reuters.  Strong Canadian jobs report sends loonie flying
USD/CAD
-
FXC
-
EWC
-
FCAN
-
CNDA_old
-
ZCAN
-
HEWC
-
  • Canada added 78.6K jobs in December, blowing past estimates for just 2K.
  • The unemployment rate fell to 5.7%, the lowest since the data series started in 1976. Estimates were for 6%.
  • For the year, employment was up 423K jobs.
  • The loonie has jumped about 140 pips vs. the dollar on the news, now buying $0.8085, the most since late September. FXC +1%
  • Previously: Dec. jobs come in light at 148K (Jan. 5)
  • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC
  • Now read: U.S. Dollar Seeks Guidance From NFP


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.