Highlights of the January Canadian jobs report:
- Prior reading was -44.0K
- Unemployment rate falls to 7.0%
- Unemployment expected to slip to 7.1% from 7.2%
- Full time jobs 50.5K
- Part time -21.1K
- Participation rate 66.3% vs 66.4% prior
This is a solid round of numbers and knocked USD/CAD below 1.10. Participation fell but unemployment and full-time jobs are both upbeat signals for Canada and the loonie.
Canadian jobs added/lost
