Mixed Canadian economic data

• The Canadian dollar had a day full of data, with the main news of unemployment coming out at 6.6% as forecast. There was, however, disappointing jobs data, with the economy losing 10,700 jobs – this was forecast at 5,000. Trade balance came out at $99 million for October in comparison to $300 million in September. Today’s Canadian data has proven that dropping oil prices and employment data that has been below average on the whole have put Canada’s economy under pressure.

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