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SocGen’s Juckes Says Loonie Looks Cheap After Big Jobs Gain

A pedestrian walks through the plaza garden of the Bank of Canada in Ottawa last year. 

A pedestrian walks through the plaza garden of the Bank of Canada in Ottawa last year. 

Photographer: David Kawai/Bloomberg

The loonie should get a further lift from a tight jobs market and a hawkish central bank, Societe Generale strategist Kit Juckes said after Canada reported a record year for employment gains.

“In all reality, the Bank of Canada is likely to hike rates by more than the Fed this year,” Juckes said Friday in an interview on BNN Bloomberg Television. “It looks like a tight labor market. It’s good if you’re looking for a wage rise, and it’s probably going to stay that way for a while.”