Forex
Canadian Unemployment Rate Dives to 6.4% as CAD Regains Buying Pressure
Canada's unemployment rate dropped to 6.4% in July, lower than market expectations.
The Net Change in Employment increased by 75.1K jobs, building on last month's gain of 18.2K.
The participation rate rose slightly to 65.1%, and annual wage growth slowed to 3.0% from June's 3.7%.
As a result, the Canadian Dollar (CAD) regained buying pressure, pushing USD/CAD below the psychological 1.4000 threshold for the first time since mid-June.