USDCAD Soars on Canadian Jobs Shock, BoC Cut Bets and Oil Slump
A surprise loss of 65,500 Canadian jobs and falling oil weakened the loonie, boosting USDCAD as markets price a likely Bank of Canada rate cut and lower Canadian yields.
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Recently added · Page 1USDCAD Soars After Canada Jobs Miss, BoC Cut Odds Surge
Canadian employment plunged by 65,500 in August, lifting USDCAD as the loonie weakened, oil prices fell and bond yields dropped, boosting odds of a Bank of Canada rate cut.