Jobs Data Pushes CAD to 3 1/2 Year High

The latest Canadian employment report showed the economy lost 1,500 jobs in March but most were part-time positions; of note however, the report showed that 96,000 new full-time positions were created. The positive jobs news combined with high commodity prices have helped drive the Canadian dollar to a 3 1/2 year high of US$1.05 against its American counterpart.

Source: Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.