NFP +104k, consensus was +8k (previous +10.1k)
Unemployment Rate 5%, consensus 5.2%, previous 5.1%
Full time employment +84.5k after 50.7k in November
A very strong report from Canada meets only a limited reaction on USDCAD. The pair reverses lower from the sub-1.37 resistance zone but doesn’t make a move that looks like it could conclude a 1-month long consolidation. Meanwhile the data, especially a second month of strong full time employment gains could push Bank of Canada onto the path of more tightening.

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
BREAKING: US jobless claims slightly higher than expected
Market Wrap: UK Stagnation, Tariffs Weigh on Giants, and Crypto Stabilizes
Economic calendar: US Jobless Claims and ECB Speeches to Offer Markets Breathing Room (12.02.2026)