CAD rallies on Big Canada jobs report

CADUSD is soaring up off of $0.7750 this morning on the back of a HUGE 79K November increase in Canada jobs and the unemployment rate falling to 5.9% when 6.2% had been expected by the street. A nice base now appears to be forming, but it would take a breakout over $0.7900 to signal the start of a new uptrend.