Canadian dollar falls after weak jobs data

2019-11-08 17:17:00 GMT (Economies.com)
Canadian dollar falls after weak jobs data

The Canadian dollar fell today, after the release of disappointing jobs data, in addition to optimism about the US-China trade talks growing dim.

 

The Canadian jobs data showed that 1.8K jobs were lost in October, worse than forecasts of creating 14.7K new jobs. 

 

While Canada's the unemployment rate held unchanged at 5.5% in October, in line with forecasts and the previous reading.

 

The housing starts reached a total of 202,000 last month, lower than forecasts of 220,000.

 

On the other hand, US President "Donald Trump" said today that his administration has not yet agreed to abolish tariffs imposed on China, which denies the Beijing statement yesterday to approach the agreement on this matter.

 

Otherwise, President Trump stated today the US hasn't yet agreed a rollback on China tariffs, which contradicts with what Beijing announced yesterday about a near tariffs agreement.

 

Back to loonie, CAD/USD fell by 0.3% to 0.7566 as of 16:26 GMT, with an intraday high of 0.7599 and a low of 0.755.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0028
0.2585%
1.2900
0.0099
0.7734%
Tadawul
7924.19
-8.33
0.10%
16.955
0.152
0.908%
57.817
0.458
0.798%
63.40
1.12
1.80%
1467.105
8.825
0.605%
 
 
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