“TD expects job growth to rebound to 10k in June, which would be sufficient to recover the 7.5k jobs lost in May while extending the relatively soft pace that has persisted since January,” TD Securities analysts said in their Canadian employment review. Key quotes “Job growth should be led by full time positions, which would add a modestly upbeat tone to the report, while part time employment should underperform after a 20k gain in May. Wage growth should remain unchanged at 3.9% y/y for permanent employees with risks tilted to the upside on the minimum wage hike in BC.” “With markets already priced for a hike by the BoC next week, the jobs number may hold little relevance for CAD overall especially in a holiday-interrupted week. Indeed, a lot of good news may now be in the CAD and given that it has traded on its front-foot in recent sessions, the currency may be more vulnerable to disappointment in the jobs data rather than a positive surprise.” “This may be partially dependent on the simultaneous release of the US jobs report, we would look to use any residual CAD strength to scale into downside CAD exposure as markets look poised to be setting up for a buy-the-rumor/sell-the-fact scenario with the BoC rate decision next week and the escalation in trade barbs. 1.3120/50 is a notable pivot point to engage in such a strategy in USDCAD (with an eye to 1.35 in the coming weeks), while we think NZDCAD should make another test of the 200-dma near 0.9040 in the coming days.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash Technical Analysis: BCH/USD breaks out to the downside from an ascending wedge, bears looking to take advantage FX Street 4 years "TD expects job growth to rebound to 10k in June, which would be sufficient to recover the 7.5k jobs lost in May while extending the relatively soft pace that has persisted since January," TD Securities analysts said in their Canadian employment review. Key quotes "Job growth should be led by full time positions, which would add a modestly upbeat tone to the report, while part time employment should underperform after a 20k gain in May. Wage growth should remain unchanged at 3.9% y/y for permanent employees with risks tilted to the upside on the minimum wage hike in BC." "With… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.