The market is disappointed the ECB is not doing more on the interest rate front to support its currency.
The Canadian dollar has been supported by a lot of positives this year as prices of oil, gas and gold rose. Bank of Canada has raised rates; that also boosted demand for the currency.
Today's jobs number would support the idea of a soft landing, or at least moderation in growth.
The comments coming from the Fed are focused on inflation and have put a rate increase in March back on the table. That will support the dollar.