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.


From other sites
Comments (3)
  • minecanary
    , contributor
    Comments (1411) | Send Message
    Hmmm, it must be because of the cold
    10 Jan 2014, 12:17 PM Reply Like
  • HPBunker
    , contributor
    Comments (217) | Send Message
    So how's that conservative government working out for you, Canadians?
    10 Jan 2014, 12:22 PM Reply Like
  • SharkDude
    , contributor
    Comments (784) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs