• USD/CAD bears move in aggressively on the Canadian jobs reports and a miss in US UR.
• US Dollar is under pressure as a consequence of the NFP disappointments. 

USD/CAD fell to a low of 1.3766 from a high of 1.3862 following both the US Nonfarm Payrolls and the Canadian Employment report. The Canada jobs gain has doubled expectations which throw the rate pause sentiment into scrutiny while the US Unemployment Rate ticked high unexpectedly, adding fuel to the USD/CAD's bears engine. 

• Canadian Net Change in Employment Febuuary: 21.8K (exp 10.0K; prev 150.0K).
• Previous month:150K. In December jobs rose 69K
• Employment gain for February 21.8K vs 10.0K estimate.
• Unemployment rate 5.0% vs 5.1% expected.
• Full-time employment 31.1K vs 121.1K last month.
• Part-time employment -9.3K vs 28.9K last month.
• Participation rate 65.7% versus 65.7% expected.
• Average hourly wages permanent employees 5.4% versus 4.5% last month.