labor market

forex news

Canada’s Economy Adds More Jobs Than Expected in January

Canada’s labor market defied expectations in January as the economy added more jobs than anticipated, reinforcing signs of resilience despite high interest rates and inflationary pressures. The latest employment data revealed strong hiring across multiple sectors, leading to an unexpected dip in the unemployment rate. This surge in job creation provided a boost to investor

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Forex News

Loonie Gains Ground After Positive Labor Data

The Canadian dollar strengthened following the release of better-than-expected labor market data, boosting investor confidence in the economy. The loonie saw gains against major currencies as Canada’s unemployment rate dipped unexpectedly in January, signaling resilience despite high interest rates and inflation concerns. The strong employment numbers reinforced market expectations that the Bank of Canada might

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