Surprisingly strong labour market report to support the Loonie only somewhat – Commerzbank

The Canadian labour market data due for publication today is likely to attract the utmost attention. Economists at Commerzbank how could the employment report impact the Canadian Dollar (CAD).

Eyes on Canada jobs report

“A surprisingly strong labour market report today is likely to support rate expectations and thus the Loonie only somewhat.”

“A significant surprise to the downside on the other hand will likely put pressure on the Canadian Dollar.”

See – Canadian Employment Preview: Forecasts from five major banks, little if any gain