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Canada Might Increase Key Rate / Trade Idea


On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency. Employers added 154,000 jobs in November, far more than most forecasters were expecting, putting total employment back to where it would have been if the COVID-19 crisis hadn’t interrupted the trend early in 2020.

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