ZCAN - Loonie continues run higher after strong Canada jobs numbers

Canada added 378K jobs in September, cruising way past economist estimates for just a 150K gain. The unemployment rate fell to 9% from 10.2%, with the labor force participation rate growing to 65% from 64.6%.The job gain brings employment to within 720K of its pre-pandemic level.The news is good for about a 40-pip move for the loonie (FXC), which is now buying $0.7608. At the height of the pandemic panic in March, one loonie was buying less than $0.69.Related equity ETFs: [[EWC]], [[BBCA]], [[FCAN]], [[HEWC]], [[FLCA]], [[ZCAN]]

For further details see:

Loonie continues run higher after strong Canada jobs numbers