🇨🇦 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?

$BTC $CLO $pippin

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