Canada's currency just posted its sharpest rally in months—strongest single-day gain since late spring, actually. What sparked it? Employment numbers that nobody saw coming. The job report blew past forecasts, flipping market sentiment overnight. Bond traders reacted fast: yields on Canadian government debt spiked as investors suddenly priced in potential rate hikes from the central bank next year. Markets are now betting the BoC might pivot from its dovish stance. Strong labor data = inflation concerns = higher rate expectations. Classic macro chain reaction.