The labor market in Australia is very healthy but recent disappointments in economic data have analysts forecasting slower job growth. The risk is for an upside surprise, which will drive strong gains in the Aussie as the market will look to at least 6.50 percent rates this year. Meanwhile the Canadian dollar surged to a fresh year to date on the back of strong housing starts in the month of March. Canadian data has consistently surprised the upside. This has kept the currency shielded from the recent drop in oil prices.