Week In FX Americas – Loonie Rides Its Last Good Wave?

Canada Loses Jobs in April UE Rate Unchanged at +6.9% Participation Rate at 13-year low No one was in the same ballpark when it came to forecasting Friday's Canadian job numbers. Market consensus was looking for a +12k print. However, Stats Canada delivered a report that actually shed jobs in April (-28.9k), mostly full-time and in the private sector (financial and hospitality). The unemployment rate remained unchanged at +6.9%. With 26k individuals ceasing to look for work happened to push



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