CAD Mid-day Analysis

Reports that last week’s Canadian jobs report was statistically flawed, appear to offerhope that revisions will improve the outlook instead of injuring the outlook toward the Canadian economy. However, disappointing Chinese economic news overnight and residual strength in the US Dollar looks to thickenresistance hanging over the top of the September Canadian. Initial resistance is seen up at 91.63 but that levelmight be taken out later this week in the face of an upward revision in Canadian payrolls. However, the CanadianDollar will have a very difficult time rising against a definitive bull track in the US Dollar.