Canada records a Record Gain in Employment

Canada’s dollar rallied the most since November on a government report showing a record increase in employment last month.

The nation’s economy gained 108,700 jobs in April after an increase of 17,900 in the previous month, Statistics Canada said today in Ottawa. The median forecast of 22 economists in a Bloomberg News survey was for an increase of 25,000. Canada’s unemployment rate dropped to 8.1 percent from 8.2 percent.

Source: Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell