- October 11, 2019
- Posted by: John Curran
- Category: Market News
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Good morning,
Canada employment data reported much better than expected this morning bringing the employment rate down to 5.5% from 5.7%. The main market mover was average hourly earnings increasing to 4.25% from 3.78% . Canada added 53.7K new jobs from expected 10K for the month of September. The stellar domestic jobs data moved the US over 100 bps lower against CAD at the release of the data. 1.3225 is daily support line off the July/Sep lows with short term resistance at 1.3348.