- USD/CAD climbs on almost 1.4240 after issuing employment data both the US and Canada.
- The Canadian economy recorded significant releases, while American NFP data beaten estimates.
- Mutual tariffs announced by the US President Trump threatened global economic growth.
The USD/CAD pair extends their position to almost 1.4240 at the North American trade on Friday. The Loon pair strengthens when the Canadian dollar (CAD) decreases after the delivery of employment data in March.
Canadian dollar price today
The table below shows a percentage change in the Canadian dollar (CAD) compared to the stock exchange main currencies. The Canadian dollar was the strongest in relation to the Australian dollar.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.50% | 1.09% | -0.26% | 0.95% | 4.01% | 2.90% | -0.67% | |
| EUR | -0.50% | 0.64% | -0.72% | 0.50% | 3.50% | 2.42% | -1.11% | |
| GBP | -1.09% | -0.64% | -1.34% | -0.14% | 2.86% | 1.79% | -1.75% | |
| JPy | 0.26% | 0.72% | 1.34% | 1.22% | 4.26% | 3.09% | -0.41% | |
| BOOR | -0.95% | -0.50% | 0.14% | -1.22% | 2.97% | 1.89% | -1.61% | |
| Aud | -4.01% | -3.50% | -2.86% | -4.26% | -2.97% | -1.05% | -4.49% | |
| NZD | -2.90% | -2.42% | -1.79% | -3.09% | -1.89% | 1.05% | -3.47% | |
| CHF | 0.67% | 1.11% | 1.75% | 0.41% | 1.61% | 4.49% | 3.47% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose a Canadian dollar on the left column and move along the horizontal line to the American dollar, the percentage shift displayed in the field will represent CAD (Base)/USD (quote).
It seems that Canadian companies began to be careful in the field of business prospects before mutual tariff announcement by the President of the United States (USA) Donald Trump and adapted their employees. Statistics Canada unexpectedly reported a reduction in working strength by 32.6 thousand. Employees, while economists expected that company owners employed 12,000 modern job seekers. The unemployment rate accelerated to 6.7%, as expected, compared to 6.6% in February.
The average hourly salary, a key measure of wage growth, increased by 3.5% year -on -year, slower than earlier exemption of 4%. Facilitating wage growth and layoffs pave the way to more cuts of interest rates from Bank of Canada (BOC).
Investors should prepare for further deterioration in Canadian conditions of the labor market, because Trump’s tariffs should lead to shock waves around the world.
Meanwhile, US payroll data (NFP) is estimated for a wide margin for March. American companies employed 228,000 Fresh employees, much higher than the estimated 135 thousand. And the previous reading of 117 thousand However, the unemployment rate accelerated to 4.2% in relation to estimates and the earlier release of 4.1%.
The average hour of earnings increased moderately by 3.8%year -on -year compared to the expectations of 3.9%, and the previous reading 4%.
