Skip to main content
BTC / USDT——ETH / USDT——SOL / USDT——BNB / USDT——XRP / USDT——DOGE / USDT——TON / USDT——AVAX / USDT——LINK / USDT——ADA / USDT——TRX / USDT——DOT / USDT——BTC / USDT——ETH / USDT——SOL / USDT——BNB / USDT——XRP / USDT——DOGE / USDT——TON / USDT——AVAX / USDT——LINK / USDT——ADA / USDT——TRX / USDT——DOT / USDT——
Pricing
fxAug 7, 2026, 10:00 AM

TD Securities: Strong Canadian Jobs Data to Lift CAD Against USD

TD Securities forecasts Canada’s July employment will rise by 20k, signaling labor market resilience and supporting the Canadian dollar against the US dollar.

USDCAD

TD Securities strategists anticipate Canada’s July Jobs Report will show a 20,000 increase in employment, matching the consensus estimate. This would extend the recovery of over 20,000 jobs seen in recent months, underscoring the labor market’s ongoing strength.

The resilience is expected to favor the Canadian dollar against the US dollar, as a robust labor market could reinforce expectations for the Bank of Canada to maintain a hawkish stance. The USDCAD pair may face downward pressure if the data confirms the trend.

Source: FXStreet Forex News