Prior +7.4kUnemployment rate 7.0% vs 7.0% expectedPrior 6.9%Full-time employment +57.7k vs +31.5k priorPart-time employment -48.8k vs -24.2k priorParticipation rate 65.3% vs 65.3% priorAverage hourly wages +3.5% vs +3.5% prior
StatCan notes that overall, there has been virtually no employment growth since January, following strong gains from October 2024 to January 2025.
Anyway this report won’t change anything for the Bank of Canada which is expected to deliver another rate cut by the end of the year.
This article was written by Giuseppe Dellamotta at www.forexlive.com.