|

Canada Unemployment Rate edged higher to 6.7% in March

  • The Unemployment Rate in Canada rose to 6.7% in March as expected.
  • USD/CAD clings to strong daily gains near 1.4200 after the data.

The Unemployment Rate in Canada edged higher to 6.7% in March from 6.6% in February, Statistics Canada reported on Friday. This reading came in line with the market expectation.

In this period, the Net Change in Employment was -32.6K, down sharply from the 1.1K increase recorded in February. Other details of the report showed that the Participation Rate ticked down to 65.2% from 65.3%, while the Average Hourly Wages rose by 3.5% on a yearly basis, compared to February's 4% increase.

Market reaction

USD/CAD preserves its bullish momentum and trades near 1.4200, where it was up more than 0.7% on the day.

Canadian Dollar PRICE Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the weakest against the Swiss Franc.

 USDEURGBPJPYCADAUDNZDCHF
USD 0.29%0.73%-0.25%0.74%3.25%2.54%-0.72%
EUR-0.29% 0.49%-0.47%0.50%2.97%2.28%-0.96%
GBP-0.73%-0.49% -0.93%0.00%2.47%1.79%-1.45%
JPY0.25%0.47%0.93% 0.96%3.46%2.69%-0.50%
CAD-0.74%-0.50%-0.01%-0.96% 2.44%1.74%-1.45%
AUD-3.25%-2.97%-2.47%-3.46%-2.44% -0.67%-3.83%
NZD-2.54%-2.28%-1.79%-2.69%-1.74%0.67% -3.18%
CHF0.72%0.96%1.45%0.50%1.45%3.83%3.18% 

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).


BRANDED CONTENT

Finding the right broker for your trading strategy is essential, especially when specific features make all the difference. Explore our selection of top brokers, each offering unique advantages to match your needs.

Author

Eren Sengezer

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

More from Eren Sengezer
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD flatlines below 1.1800 amid trading lull, awaits Fed Minutes

EUR/USD trades around a flatline below 1.1800 in European trading on Tuesday. The pair lacks any trading impetus as the US Dollar moves little amid market caution ahead of the Fed's December Meeting Minutes release, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD retakes 1.3500 despite the year-end grind

GBP/USD finds fresh demand and retakes 1.3500 on Tuesday as markets grind through the last trading week of the year. Despite the latest uptick, the pair is unlikely to see further progress due to the year-end holiday volumes.

Gold holds the bounce on Fed rate cut bets, safe-haven flows

Gold holds the rebound near $4,350 in the European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was Gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Tron steadies as Justin Sun invests $18 million in Tron Inc.

Tron (TRX) trades above $0.2800 at press time on Monday, hovering below the 50-day Exponential Moving Average (EMA) at $0.2859.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).