Week in FX America – Loonie under part-time pressure

Canada's unemployment rate drops to +7% Job growth all part-timers Gold traction questionable While varying degrees of geopolitical tensions whipsaws investors, a paltry net gain of 200 jobs in Canada in July is pummeling the loonie bulls as their labor market continues to misfire. The street was looking for a healthy reply to June's disappointing net loss of -10k jobs. They were not even in the same ballpark on the headline. The only reason the level of employment did not fall again last



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