🇨🇦 Canada Jobs Report Incoming ⏰
Jan 9 | 3:45 PM
StatsCan is about to drop December employment data any moment now.
📊 Consensus (Reuters poll):
• Jobs: -5K
• Unemployment rate: 6.6%
⚡ Context:
Canada’s labour market has been surprisingly resilient, adding +181K jobs from Sept–Nov.
🔻 RBC’s take (more bearish):
• Jobs: -35K (mean reversion after Nov surprise)
• Unemployment rate: 6.8%
🎯 Market setup:
A soft print could pressure CAD, while another upside surprise may trigger a sharp squeeze.
Volatility likely either way — eyes on CAD pairs 👀📈
What’s your bias going into the release?
