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he canadian data Statistics shows that Employment Change in The Canadian economy added 76,000 jobs in January
Unemployment Rate: The unemployment rate edged down to 6.6%368.
Comparison to Forecasts and Previous Data:
The actual Employment Change of 76,000 significantly exceeded the forecast of 25.5K and was lower than the previous figure of 90.9K
The Unemployment Rate of 6.6% was better than the forecast of 6.8% and a notch below the previous month's 6.7%
Broader Context and Analysis:
December 2024 saw an increase of 91,000 in employment, with the unemployment rate easing to 6.7%
The December numbers were firmer than expected, although the unemployment rate was still up almost a percentage point from a year prior.
In January 2025, the unemployment rate dropped again to 6.6%3.
we take a bat canadian econmy and GBPCAD went in favour of CAD.

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