Forex Trading News: CAD Employment Data Released

Mr. Danish FX — Fri, 09 May 2008 07:15:10 -0400

The Employment Change number comes out higher than expected at 19.2K from the previous 14.6K. 10.0K was forecast.

The Unemployment Rate comes out a drop higher as well at 6.1K from the previous 6.0%. No change was expected.

With the unexpected job growth, the CAD was able to firm up initially vs. the USD after this data.