Canadian Dollar Hits Nearly Three-Week Low After Jobs Loss
The Canadian dollar fell 0.7% to 1.4110 against the U.S. dollar after Canadian employment declined for a third straight month, cooling expectations for Bank of Canada rate hikes.
By Fergal SmithThe Canadian dollar fell to a nearly three-week low against its US counterpart on Friday after domestic data showed the economy shed jobs for a third straight month, cooling expectations for Bank of Canada interest rate hikes.The loonie FX_IDC:USDCAD was trading 0.7% lower at 1.4110…