Canadian dollar breaks below 1.21, BoC next
Posted 2 hours agoSharePrint
The Canadian dollar is in positive territory on Wednesday. In the European session, USD/CAD is trading at 1.2081, down 0.26% on the day.
Canada’s employment picture darkened last week, as the economy showed a loss of jobs for a second straight month. The loss of 68.0 thousand in May follows a dismal April employment report, which posted a reading of -207.1 thousand. The May release missed the forecast of -23.5 thousand. As well, the unemployment rate ticked higher to 8.2%, up from 8.1%. Canada is still grappling with Covid-19, and the vaccine rollout is lagging well behind other major economies, such as the US or the UK. This means the reopening of the economy is still some time away.
Canada
United-kingdom
Canadian
Bank-of-canada-policy-meeting
Canada-employment-change
Canada-unemployment-rate
Sd-cad
கனடா
ஒன்றுபட்டது-கிஂக்டம்
கனடியன்