Canada June employment +31.8K vs +20.0K expected - ConsultFX

Canada June employment +31.8K vs +20.0K expected

The Canadian jobs report for June 2018 USD/CAD traded at 1.3132 ahead of the data and immediately dropped in part due to USD weakness on non-farm payrolls. At first, the Canadian report looks strong but there was a jump in the unemployment rate (albeit on rising participation) along with softer wage data.