Canadian dollar hits 18-month low after jobs data
The Canadian dollar weakened to an 18-month low versus the US dollar after domestic employment data surprised on the downside, trimming expectations for a Bank of Canada rate hike this month. USDCAD was trading 0.4% lower at 1.4275 per US dollar.
The Canadian dollar fell to an 18-month low against the US dollar on Friday after domestic data showed an unexpected decline in employment, which cut expectations for a Bank of Canada interest rate increase this month. 4275 per US dollar.