The Story
News Summary
- The Canadian dollar dropped toward 1.39 per USD after Canada unexpectedly shed 41,700 jobs in August, while US nonfarm payrolls surged far above forecasts.
- The stark divergence supports a more dovish Bank of Canada and reinforces US rate hike expectations, widening the yield spread in favor of the US dollar.
Explore USDCAD price history & advisor snapshot
These are separate market snapshots and may predate this story. Check the data period, generation time and expiry before using them in your research.
Stored market data
USDCAD price history
1.39
+0.72% over the displayed period
Advisor Snapshot
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