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Blowout March jobs report for Canada

Apr. 10, 2015 8:58 AM ETEWC, FXC, CNDA-OLD, EWCS, FCAN, QCANBy: Stephen Alpher, SA News Editor2 Comments
  • Canada added 29K jobs in March versus expectations for zero jobs gained. The unemployment rate held steady at 6.8%, inline with forecasts.
  • Among the sectors which reported job gains was natural resources - this despite the crash in oil prices and anecdotal reports of cutbacks in the energy patch.
  • The loonie (NYSEARCA:FXC) strengthens about 50 pips to $0.7928, but remains lower on the session by 0.3%.
  • ETFs: EWC, CNDA, EWCS, FCAN, QCAN

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