There isn’t anything to dislike in the Canadian jobs report and yet the loonie has only been able to muster a 25-pip gain.
A market’s reaction to news is the ultimate measure of its strength and unambiguously good or bad data is the perfect lens to observe through.
The BOC business outlook survey is due at 10 am ET (1400 GMT) and also note that Monday is a holiday in Canada so that could be a part of the equation (which part, I’m not so sure).
