The Canadian dollar appreciated sharply vis-Ã -vis the U.S. dollar today as the greenback tested bids around the C$ 0.9965 level and was capped around the C$ 1.0100 figure. Technically, todayâ€™s intraday low was right around the 50% retracement of the move from C$ 1.0865 to C$ 0.9060. Data released in Canada today saw January employment up 46,000 and the employment rate at a record high 63.8% with the unemployment rate lower at 5.8%. Most traders believe these data will keep Bank of Canada on a gradualist keel regarding lower interest rates. It was also reported that January new housing starts were up 21.0% m/m. U.S. dollar offers are cited around the C$ 1.0130 level.
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