Wed, Apr 08, 2026 21:34 GMT
More
    HomeLive CommentsCanada unemployment dropped to 5.4%, lowest since 1976, USD/CAD dives

    Canada unemployment dropped to 5.4%, lowest since 1976, USD/CAD dives

    ActionForex
    By ActionForex

    Canada employment grew 27.7k in May, well above expectation of -5.5k contraction. Unemployment dropped to 5.4%, well below expectation of 5.7%. That’s the lowest level since record began in 1976.

    USD/CAD dives sharply after the release and breaks medium term channel support decisively. The development now suggests medium term bearish reversal and focus will be on 1.3068 support for confirmation.

    Start Trading
    Start Trading
    Start Trading
    Start Trading
    ActionForex
    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.