USDCAD: Loonie cheers upbeat jobs data and prospects of opening up China's economy – TDS USDCAD Canada Employment China Banks
in the short-term also thanks to speculation of China re-opening, economists at TD Securities report.“The Canadian economy added 108K jobs in October, smashing expectations for a 10K print, following the muted performance over the last six months. Details were even more hawkish with full-time employment driving job growth, alongside a 0.2pp increase to the participation rate as wages firmed by 0.4pp.
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