• The Canadian Dollar held steady in the face of improving US labor data.
• Canada lacks impactful data until Friday’s wages and employment change figures.
• US NFP net job additions loom ahead at the end of the week, overshadowing CAD data.

The Canadian Dollar (CAD) tread water on Tuesday, wrestling to either side of the day’s opening bids before settling in the midrange. The US Dollar saw some bidding action after US job openings numbers beat the street, and the Loonie is struggling to find much interest with a lack of noteworthy releases on the data docket this week.

Canada remains largely absent from the economic calendar this week, albeit with a smattering of low-tier releases around the midweek. Canadian wages and employment change figures are due on Friday, though the Canadian side of the data docket will be eclipsed by US Nonfarm Payrolls (NFP) figures due at the same time.