BREAKING: CAD gains after strong Canadian labor market data

12:30 PM GMT, Canada – June Labor Market Data:

Employment Change: Current: 83.1K; Forecast: 0.9K; Previous: 8.8K
Unemployment Rate: Current: 6.9%; Forecast: 7.1%; Previous: 7.0%

The Canadian dollar strengthened sharply against the U.S. dollar as the stronger-than-expected labor data increased the likelihood of a more hawkish stance from the Bank of Canada regarding its monetary policy.

The Canadian swap market now prices the probability of a rate cut by the Bank of Canada this month at 18%, down from 27% prior to the employment data release.

10 February 2026, 18:47

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 15:09

US Open: Wall Street rises despite weak retail sales

10 February 2026, 14:52

Coca-Cola Earnings: Will the New CEO Withstand the Pressure?

10 February 2026, 13:31

BREAKING: US RETAIL SALES BELOW EXPECTATIONS

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