Canadian Employment Change (Jan) -24.8K vs. Exp. 7K (Prev. 8.2K)
The Canadian employment change figures show a significant decline of 24.8K jobs in January, well below expectations of a 7K increase, which starkly contrasts the previous month's increase of 8.2K.
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Canadian Employment Change (Jan) -24.8K vs. Exp. 7K (Prev. 8.2K)
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ECB's Makhlouf says headline inflation figures and ECB projections do not suggest monetary policy is too tight, uncertainty about the 2026 path for wages
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This notable miss may suggest weakening labor market conditions, potentially impacting the Bank of Canada's policy stance and weighing on the CAD as traders reassess their outlook for growth and interest rates in Canada.
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