The Canadian Dollar weakened versus the Dollar as Crude prices lowered and Employment Change showed fewer jobs than expected were added. Employment Change came out 17.9K versus 25.9K expected and the Unemployment Rate rose to 8.2% versus 8.1% expected. Overall, USD/CAD traded on Friday with a low of 0.9988 and a high of 1.0083. USD/CAD has been struggling with the support level around 1.00 and could head higher if unable to break below it. Today, Housing Starts are expected higher with 201K versus 197K prior, BOC Business Outlook Survey will be released.

USD/CAD - Last: 1.0035

Resistance

1.0055

1.0085

1.0130

Support

0.9990

0.9970

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