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USD/CAD trades flat at C$1.3278.......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD trades flat at C$1.3278 after falling 30 pips Friday, as
CAD drew support from stronger than exp. labour mkt data (for our Data Analysis
piece see MNI Main Wire at 14:05 GMT 02/08). Canada added over 10 times as many
jobs as forecast (evenly split between full-time and part-time roles) in
January, with the participation rate ticking higher and undercutting the rise in
the unemployment rate. 
- Worth mentioning on Friday TransCanada confirmed that that its Keystone
pipeline was probably a source of an oil spill in Missouri. 
- Bears need a break below the 21-DMA at C$1.3244 before challenging C$1.3233,
where the rate bottomed Friday. Conversely, bulls need a break above the upper
1.0% 10-DMA envelope/Friday's peak at C$1.3328/29 to gain some momentum. 
- Canadian econ calendar is rather light this week, with domestic m'fing sales &
housing price index due to hit on Thursday.

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