Canada gained no less than 67.2K jobs in September. This leap is easily far far better than expectations. Only 23K jobs are full time but nevertheless, this is the biggest jump since 2012. The unemployment rate remains unchanged at 7% but the participation rate jumps from 65.5% to 65.7%, and that’s good news.
USD/CAD falls some 60 pips to 1.3210 initially ignoring the US jobs report.