Statistics Canada is scheduled to publish the monthly employment report for November later this Friday at 13:30 GMT. The Canadian economy is expected to have added 5K jobs during the reported month, down sharply from October’s blockbuster reading of 108.3K. The unemployment rate is anticipated to edge higher from 5.2% to 5.3% in November. The data is more likely to be overshadowed by the simultaneous release of the closely-watched US jobs report – popularly known as NFP. A significant divergence from the expected readings might still influence the Canadian Dollar. Strong domestic data should provide a goodish lift to the Canadian dollar and exert fresh downward pressure on the USD/CAD pair. However, any disappointment from the Canadian jobs data . . .
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