USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the key October highs by 1.0660.

Canada’s dollar strengthened for the first time in three days after a government report showed employers added the most jobs since 2008 last month, adding to evidence the economy is firming.

During early European deals on Tuesday, the Canadian dollar eased against the currencies of US and Europe. As of now, the loonie is worth 1.3220 against the euro and 0.9913 against the greenback.

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the key October highs by 1.0660.