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Thoughts on the latest Canadian jobs report and its CAD impact
That Canadian jobs report came in stronger than expected, didn't it? Seeing $CADUSD climb to 0.72028 +0.42% on that news, makes me wonder if the BoC might hold off on cuts longer than anticipated, something to watch on my watchlist for sure.
1 comments · 5 points
It was strong, but one report doesn't make a trend. The BoC has been pretty clear about needing sustained data to justify rate changes. I wouldn't jump to conclusions about delayed cuts just yet.