The Canadian will have to run the gauntlet of Employment data from both sides of theUS/Canada border this morning and given the severe weakness in energy prices over the past few months, moreattention may be paid towards the data out of Ottawa that from Washington. The Canadian Employment NetChange number is notorious for throwing out surprises, which was last evidenced by the 74,100 net gain forSeptember. A downward revision and/or a weak reading for October could set the stage for a retest of this week’slow for the move, but carryover strength from the US economy could indicate that the Canadian is closer tobottoming that the other major currencies.
