Canadian employment fell for the second time in three months in February, a surprise decline led by a drop in government workers.
Employment fell by 7,000 and the jobless rate was unchanged at 7.0 %, Statistics Canada said Friday in Ottawa. Economists surveyed by Bloomberg News projected a 15,000 job increase and an unchanged jobless rate, according to median forecasts.
The Canadian dollar weakened to a session low after the data was released. The Canadian dollar was at 90.46 U.S. cents, weaker than Thursday’s close of 90.98 U.S. cents. The loonie hit a session low of C$1.1064 shortly after the data was released.
via Financial Post
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