Canadian March housing starts 189.7K vs 175K expected

Data from the Canadian Mortgage and Housing Corporation:

• Prior was 156K (revised to 151K)

USD/CAD rallied to a session high of 1.2662 before the release, climbing 20 pips in just a few minutes.

It's all about the Canadian jobs report, which is due at the bottom of the hour and expected to show zero jobs growth after 1,000 job losses in February.