Sunday, August 19, 2018

© Reuters.  Canadian unemployment rose in October. © Reuters. Canadian unemployment rose in October.

Investing.com – Canada’s unemployment rate increased in October despite the economy creating more jobs than forecast, according to official data released on Friday.

The Statistics Canada report showed that the Canadian unemployment rate rose to 6.3% in October. Analysts had expected it to stay flat at 6.2%.

The Canadian economy created 35,300 jobs last month, compared to 10,000 jobs in September. Economists had expected the creation of 15,000 jobs.

Following the report, USD/CAD traded at 1.2760 compared to 1.2828 prior to the data.

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