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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…
The Canadian dollar weakened against the U.S. dollar amid stock declines, higher oil prices, and wider yield spreads. Canadian jobs data showed slowing employment growth, while geopolitical tensions …
USDCAD dropped sharply after Canada's stronger-than-expected jobs report, boosting odds of the Bank of Canada delaying rate cuts and strengthening the Canadian dollar.