Canada’s job market continued its volatile trend in April, shedding about 29,000 positions when most analysts had expected a moderate gain.
The unemployment rate remained at 6.9% last month, Statistics Canada said Friday.
The Canadian dollar shed a cent in value after the data was released. The Canadian dollar was at C$1.0886 to the greenback, or 91.86 U.S. cents, weaker than Thursday’s close of C$1.0823, or 92.40 U.S. cents. The currency hit a low of C$1.0902 immediately after the release.
via Financial Post
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