The US NFP was a big beat:
But, at the same time a sad jobs number from Canada:
Bank comments (this via TD, for example) suggest it indicates a weaker CAD to come:
- TD say 1.30 would be support for US/CAD, will be "quite sticky"
- and add expectations for the Canadian economy are not high. Data beats a function of low expectations not surging growth.
USD/CAD has a sharp response indeed to the twin data releases, but managed a full retrace:
