Canada: Unemployment Rate held steady at 6.7% in March

Statistics Canada reported on Friday that the Unemployment Rate helds steady at 6.7% in March, coming short of what markets were expecting. The Unemployment Rate in Canada was unchanged last month.USD/CAD flirts with its 200-day SMA in the low-1.3800s.Statistics Canada reported on Friday that the Unemployment Rate helds steady at 6.7% in March, coming short of what markets… Statistics Canada reported on Friday that the Unemployment Rate helds steady at 6.7% in March, coming short of what markets were expecting. The Unemployment Rate in Canada was unchanged last month.USD/CAD flirts with its 200-day SMA in the low-1.3800s.Statistics Canada reported on Friday that the Unemployment Rate helds steady at 6.7% in March, coming short of what markets were expecting.Additionally, the Net Change in Employment increased by 14.1K jobs, reversing the 83.9K drop we saw in the prior month. In addition, the participation rate stayed the same at 64.9%, and wages are… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.