- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
- UK Retail Sales Growth Worst in 15 Years in January, says BRC Tue, 09 Feb 2010 02:19 GMT
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- Feb, 09 Overnight Interest Rate Update 02.09.10
- Feb, 09 RICS Survey Hints UK House Prices May Decline as Supply Swells
- Feb, 09 UK Retail Sales Growth Worst in 15 Years in January, says BRC
- Feb, 08 Swiss Unemployment Highest Since 1998, Retail Sales Advance 4.7%
- Feb, 08 Overnight Interest Rate Update 02.08.10
- Feb, 05 U.S. Non-Farm Payrolls Disappoint, Jobless Rate Unexpectedly Contracts
- Feb, 05 Overnight Interest Rate 02.05.10
- Feb, 05 Euro Spikes Higher Against Swiss Franc, SNB Action Hinted
- Feb, 04 ECB Says Rates Appropriate, As Inflation To Remain Near 1.0%
- Feb, 04 ECB Says Rates Appropiate As Infaltion To Remain Near 1.0%
- Feb, 04 British Pound Pares Decline as BoE Suspends Asset Purchases, Euro Holds Rate at Record Low
- Feb, 04 Overnight Interest Rate Update 02.04.10
- Feb, 04 Australian Retail Sales Disappoint, Building Permits Rise on Stimulus
- Feb, 03 Overnight Interest Rate Update 02.03.10
- Feb, 02 Overnight Interest Rate Update 02.02.10
- Feb, 02 Australian Business Confidence Falls Most in 11 Months on China Outlook
- Feb, 01 U.S. Manufacturing Unexpectedly Expands at Faster Pace
- Feb, 01 U.K. Mortgage Approvals Unexpectedly Declines, EURGBP Snaps 4-day Decline
- Feb, 01 China Weekly 02.01
- Feb, 01 Overnight Interest Rate Update 02.01.10
Canada’s Unemployment Rate unexpectedly rose to 8.6% in October amid expectations of 8.5%, after rising to 8.4% the previous month. Employers surprisingly cut 43,200 jobs last month, while economists surveyed by Bloomberg forecasted employers to cut only 10,000 jobs. Meanwhile, the breakdown of the data displays an underlying positive sign as full-time employment climbed 16,500, while part-time employment slid 59,700, showing commitment of employers to long term hires. At the same time, private-sector jobs tumbled 70,700, while self employed workers gained 27,500. Though emmployers are commiting to full-time hires, the data provides a dovish outlook for the U.S.’s largest trading partner and without doubt will lead the Bank of Canada to keep interest rates at 0.25% for the near term and possibly until June 2010 in order to spur economic growth and consumer spending.
In the currency markets, the USD/CAD immediately spiked subsequent to the release, with the pair rising above the 50-day SMA (1068) to trade at trade at 1.07.
Canada's Unemployment Rate Monthly Chart
USD/CAD Minute Chart
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