USD/CAD ticks higher to near 1.3920 as Canadian unemployment accelerates

  • The USD/CAD pair moves higher to near 1.3920 in Friday's North American session after the release of the Canadian labor market data for April. The data showed that the Unemployment Rate accelerated at a faster pace to 6.9% from estimates of 6.8% and the March reading of 6.7%, the highest level seen since October 2021.