Canadian Unemployment Comes in Better Than Expected Helping to Boost the Loonie

“Canada added almost three times more jobs than economists forecast in April and theunemployment rate declined on increased hiring by service companies and part-time work.

Employment rose by 58,300 after a March decline of 1,500, Statistics Canada said today in Ottawa. The jobless rate fell to 7.6 percent from 7.7 percent, as the labor force grew by 47,400. Economists forecast no change in unemployment and 20,000 new jobs in Bloomberg News surveys that had 24 and 25 estimates. The largest estimate was for 40,000 new jobs.”

Full unemployment report

Full article on Loonie