The latest reading on the health of the Canadian labor market will be out at 8:30 a.m. ET.
Economists forecast that Canada’s economy lost 2,500 jobs in December, according to the Bloomberg consensus.
Last month, the labor market added 10,700, compared to expectations of a loss of 20,000.
Moreover, the unemployment rate is forecast to tick up slightly to 6.9% for December, above the prior month’s reading of 6.8%.
The Canadian dollar is weaker by 0.3% at 1.3264 against the US dollar as of 7:52 a.m. ET.
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