Canadian Employment Report

You will read all the hype about the US NFP report, but do not forget about the Canadian employment report which, at least according to Canadians, has been the go-to-model post 2008 crisis. Sure, the numbers are smaller, but so is the economy. One thing I can agree with is that often the make-up of the report is exactly what you want which is solid growth in full-time jobs, one thing its southern neighbor would love to achieve more consistently. The Canadian economy is set to add another 5,000 jobs in November and I think we may see a minor surprise to the upside.

Interesting to see how the USDCAD will react today with both economies reporting on their labor market.