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Canada's December employment data surprised the markets. Canada recorded an increase of 8.2K jobs compared to an expected contraction of 5.0K. The unemployment rate stood at 6.8%, slightly above the forecast of 6.6%. These better-than-expected figures could influence expectations regarding interest rates and monetary policy, key factors affecting market liquidity and appetite for digital assets. Strong employment data generally reinforce prospects for maintaining higher rates, which impacts bond yields and the dynamics of the cryptocurrency market.