Loonie Remains Firm Against USD, Amidst Contrasting Performance on Jobs in December

8 January 2018 8 January 2018

AlishaASLp

The loonie is in consolidation on Monday, after rallying the over 3-month high against US dollar last Friday. Strong Canadian job data overshadowed the weaker than expected US nonfarm payrolls. This also sent Canadian dollar over +1% higher than the greenback. The number of employment in Canada increased +78.6K in December, compared with consensus of zero, following a +79.5K addition in the prior month.