According to @ReutersBiz, the Canadian dollar snapped a daily losing streak after a surprise jobs gain, with CAD strengthening on the headline (source: Reuters Business, https://reut.rs/4hQBDRR). Reuters Business reports the currency move followed stronger-than-expected employment data in Canada that supported CAD during the session (source: Reuters Business, https://reut.rs/4hQBDRR).

According to The Kobeissi Letter, Canadian CPI inflation increased significantly in February, rising from 1.9% to 2.6% (1.1% MoM), surpassing the expected 2.2% YoY and 0.6% MoM. This spike indicates higher-than-anticipated inflationary pressures, which could impact the Canadian dollar and influence market trading strategies. The report cautions that this data does not yet account for all retaliatory tariffs, suggesting potential further increases. Traders should monitor upcoming inflation reports closely as the Canadian market could experience further volatility.