Open trading account 
Canada could not have reported a more different employment report: 700 jobs were lost in June and yet the unemployment rate dropped to its lowest level in nearly a year. The improvement in the jobless rate was largely driven by a lowerparticipation rate as full-time workers dropped 40K and part-time hires increased by 39K. This marked the worst quarter for Canada’s job market in 2 years. USD/CAD hit a 1-week high on the news that, along with the wider trade deficit, drop in building permits and slower CPI growth will give the Bank of Canada strong reasons to talk about easing monetary policy at their meeting next week. For the first time in 4 months, USD/CAD ended the day above its 100-day SMA and the next stop should be 1.3200.
