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  • Private sector employment rises sharply in July in Canada.
  • USD/CAD ignores the data, continues to push higher.    

According to the data published by the Automatic Data Processing (ADP) Research Institue, non-farm employment in Canada rose by 73,700 in July following June’s reading of 30,400.

“We saw strong job growth in July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The job gains were broadly distributed across the majority of industries with trade, leisure and hospitality, and construction leading the way.”

Despite this upbeat reading, however, the USD/CAD pair continues to push higher amid broad-based USD strength. As of writing, the pair was up 0.1% on the day at 1.3330.