Canada: January unemployment rate fell to 5.5%


Master Trader
Jun 20, 2016
Canada's unemployment rate fell to 5.5% in January.

#USDCAD drops to 1.3280.
The growth in the number of workers amounted to 35.7 thousand people, which is more than 2 times more than the projected 15.0 thousand new jobs.

- Growth occurred mainly in the industrial sector (construction, manufacturing).
- Decline in the health sector and socially oriented areas.
This indicates a powerful development potential in the region - in fact, the beginning of a new four-year business cycle. Volumes of construction are growing not from scratch, but as a result of necessity. We are also reporting rapid growth in the manufacturing industry. The Canadian dollar is reasonably strengthening today and we believe that the region will maintain this organic growth for many years to come (sell #USDCAD)
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