Canada Employment unexpectedly strong, market betting central bank will resume raising interest rates next year.

Wisdom Financial App learned that on Friday, Canada's latest job data unexpectedly strong, leading to a reassessment of the outlook for monetary policy. With the labor market rapidly warming up in November, traders have shifted from betting on further rate cuts to believing that the Bank of Canada is more likely to raise rates next year. Overnight index swap (OIS) markets show that investors are now fully pricing in the possibility of a rate hike before October 2026, while just the day before, the market still believed that Governor Macklem and his team could continue to lower borrowing costs in the next year.