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FX Update: May 8th, 2015

Posted May 08, 2015

Under Canadian Customs Issues, Economic Issues

The Canadian Dollar has declined slightly this morning after the release of both U.S. and Canadian unemployment numbers. The U.S. numbers came out much as expected with 223k new jobs being added versus an anticipated addition of 224k jobs and the unemployment rate moved down to 5.4% from 5.5%. The Canadian unemployment numbers were a bit of a mixed bag this morning, overall the Canadian economy lost 19,700 jobs in April, but those numbers showed a loss of 66k part time jobs and a gain of over 46k full time jobs while the unemployment rate remained unchanged at 6.8% due to a decrease in the overall participation rate. Look for the markets to be a little volatile this morning as they digest these numbers.

Update Courtesy of: Johny Nusbaum | Foreign Currency Trader | Aloris Mercantile Corp | Office: 416-642-2058