Canadian Part Time Employment Chg (Jan) -69.7K (Prev. -42K)

Newsquawk Staff · 6 Feb 2026, 13:50 UTC

What it means

The significant drop in Canadian part-time employment, declining by nearly 70K, marks a notable deterioration from the previous month's decrease of 42K. This miss suggests potential weakness in the labor market that could weigh on growth forecasts and influence Bank of Canada policy. Traders should anticipate volatility in CAD as this data may feed into broader discussions around rates and economic health.

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US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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