Thoughts on CAD and RBNZ after the jobs data

Watching the CAD very closely this week, especially after the latest round of employment figures from Canada came in. The numbers were softer than anticipated, which naturally has me thinking about how the BoC might react. It's not a disaster by any means, but enough to perhaps temper some of the hawkish sentiment we've seen recently. On the flip side, the RBNZ's tone has been a bit more consistent, holding firm. This divergence in central bank rhetoric, even if subtle, could provide some interesting plays. I'm keeping an eye on $NZDCAD; it's trading around 0.82155 right now, up slightly today, but if the CAD weakness persists and the RBNZ stays the course, we could see some more upside. Not a strong conviction play just yet, but definitely one to watch for further confirmation this week. It feels like the market is still digesting what these jobs numbers really mean for rate trajectories.