Canada October employment +17.5K vs +22.5K expected

<ul><li><a href="https://www.forexlive.com/news/canada-september-employment-638-vs-200k-expected-20231006/" target="_blank" rel="follow">Prior </a>+63.8K</li><li>Unemployment rate 5.7% vs. 5.6% expected. Last month 5.5%.</li><li>Full-time employment -3.3K vs +15.8K last month</li><li>part-time employment +20.8K vs. +47.9k last month.</li><li>Participation rate 65.6% vs 65.5% last month.</li><li>Average hourly wages permanent employees 5.0% vs 5.3% y/ last month</li></ul><p>Wage growth is cooling, unemployment rose and the job losses were in full-time employment. Those are all weak details. USD/CAD is down on the soft non-farm payrolls report but, otherwise, the Canadian dollar is underperforming. That said, the US numbers should spark some risk appetite as Treasury yields have fallen; that will be good for the loonie.</p>

This article was written by Adam Button at www.forexlive.com.