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Back Fundamental analysis
Canadian dollar gains support
In March, Canada's economy added 14,000
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In March, Canada's economy added 14,000 jobs (+0.1% month?on?month), roughly in line with analysts' forecasts of a 15,000 rise — employment was essentially unchanged. Unemployment also held steady at 6.7%, as did the participation rate at 64.9%. The data indicates that the elevated unemployment is driven mainly by weak hiring rather than layoffs, which indirectly points to a broader economic slowdown: employers are reluctant to expand amid high uncertainty. Strong hourly wage growth — up from 3.9% to 4.7% year?on?year —
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Kuvat Raharjo,
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