Seeking Alpha

Canada unexpectedly sheds 45.9K jobs in December

  • The loonie quickly dives to new multi-year lows vs. the greenback after Canada reports a loss of 45.9K jobs in December and a 0.3 point rise in the unemployment rate to 7.2%. Consensus had called for a gain of 14K jobs.
  • FXC -0.6% premarket and the loonie is buying just $0.9146 - the least since mid-2009.
  • Canada ETFs: EWC, FXC, CAD, CNDA, FCAN, EWCS
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Comments (3)
  • minecanary
    , contributor
    Comments (720) | Send Message
     
    Hmmm, it must be because of the cold
    10 Jan 2014, 12:17 PM Reply Like
  • HPBunker
    , contributor
    Comments (219) | Send Message
     
    So how's that conservative government working out for you, Canadians?
    10 Jan 2014, 12:22 PM Reply Like
  • SharkDude
    , contributor
    Comments (731) | Send Message
     
    And they think a weak currency will create jobs? Good lord. Create jobs by making the little guy pay more for imports. Don't we have a history of this NOT working yet?
    11 Jan 2014, 02:13 PM Reply Like
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