• Unemployment Rate in Canada stayed unchanged at 5% in February.
• USD/CAD trades in negative territory below 1.3800 after the data.

The data published by Statistics Canada revealed on Friday that the Unemployment Rate stayed unchanged at 5% in February. This reading came in slightly better than the market expectation of 5.1%.

Further details of the publication revealed that the Net Change in Employment came in at 21.8K in February, surpassing analysts' estimate of 10,000. Finally, the Participation Rate remained steady at 65.7%.