S
shibuya
Guest
Unemployment rates are dipping continually latterly strengthening Canadian currency. According to Statistics Canada, employment was added-up by 69,200 along with labor addition by approx 106,400 breaching economists forecast of 15,000 job addition. The director of foreign-exchange trading said that nation has a very solid employment report and will bolster our image in regaining all lost jobs.
The Canadian currency strengthens and touched its highest level since May 2008 citing employment growth and nation GDP growth breaching all the expectations of government along with all the predictions of economists. These are boosting sign of the economic recovery and resilience as well as consumer confidence.
This is a great sign of Canadian dollar which was facing a straight decline since two weeks against its counterpart US dollar. It rose to its highest in two months gaining by 1.4 percent. This was a clear effect of Canada’s oil export that touched a two-year peak. Oil is Canada’s largest export commodity. The GDP grew at a rate of 3% annually since last two months of last year due to boost-up in oil production.
George Davis, an analyst of currency strategy at Royal Bank of Canada said that the employment growth has created a confidence in the market to step to buy the Canadian currency and sell the U.S. dollar. He added further that Canadian currency has benefited from our general policy of buy-North-America theme.
US, Canada’s largest trading partner as well unexpectedly gain a mark in employment rate. Its unemployment rate slumps to 9%, the lowest level in twenty-one months, though the payroll rate was dipped due to winter storms.
This news has restored Canada’s image of unemployment less state. Foresee these advancements as the best time and opportunity to immigrate to Canada after the bag-packs to home due to the great economic depression.
The Canadian currency strengthens and touched its highest level since May 2008 citing employment growth and nation GDP growth breaching all the expectations of government along with all the predictions of economists. These are boosting sign of the economic recovery and resilience as well as consumer confidence.
This is a great sign of Canadian dollar which was facing a straight decline since two weeks against its counterpart US dollar. It rose to its highest in two months gaining by 1.4 percent. This was a clear effect of Canada’s oil export that touched a two-year peak. Oil is Canada’s largest export commodity. The GDP grew at a rate of 3% annually since last two months of last year due to boost-up in oil production.
George Davis, an analyst of currency strategy at Royal Bank of Canada said that the employment growth has created a confidence in the market to step to buy the Canadian currency and sell the U.S. dollar. He added further that Canadian currency has benefited from our general policy of buy-North-America theme.
US, Canada’s largest trading partner as well unexpectedly gain a mark in employment rate. Its unemployment rate slumps to 9%, the lowest level in twenty-one months, though the payroll rate was dipped due to winter storms.
This news has restored Canada’s image of unemployment less state. Foresee these advancements as the best time and opportunity to immigrate to Canada after the bag-packs to home due to the great economic depression.
