Canadian Dollar Posts Steepest Decline Since January After Jobs Loss
The Canadian dollar fell 0.8% against the U.S. dollar to 1.4128 after Canadian employment declined for a third consecutive month, cooling expectations for Bank of Canada rate hikes.
By Fergal SmithThe Canadian dollar fell by the most in nine months 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 0.8% lower at 1.4128…