Canada’s Job Market Surges in October—But Is the “Wicked” Rise Masking Deeper Weakness for the Loonie?
In a twist befitting the Halloween season, Canada’s employment data for October delivered a “wickedly” good surprise. According to Statistics Canada, employment jumped by 66,600, following a solid 60,400 rise in September, fully erasing the mid-summer slump that had worried policymakers and investors alike.
Canada’s Jobless Rate on Watch: Will September Data Lift or Sink the Loonie?
The Canadian Dollar (CAD) is once again in the spotlight as Statistics Canada prepares to release its latest unemployment rate report this September. This figure tracks the percentage of Canadians who are unemployed and actively seeking work.