Canada loses -51k jobs, CAD lower

By the numbers:

  • Canada Aug. Net change in employment: -51.6K vs. +5.0K e
  • Unemployment rate: +6.0% vs. +5.9%e
  • Full time employment: +40.4K vs. +35.0Ke –
  • Part time employment Change: -92.0K vs. -30Ke
  • Participation rate: +65.3% vs. +65.5%e
  • Hourly earnings y/y: +2.6% vs. +3.0%e
  • No revisions:
  • USD/CAD rallies +0.4% to C$1.3172