Business · Markets · 2 days ago

Canadian dollar falls to an 18-month low after jobs data

Canadian dollar falls to an 18-month low after jobs data

The Canadian dollar weakened to its lowest level in 18 months.

Jobs data led markets to expect less chance of an interest rate hike.

Interest rates can affect a currency’s value, so changing expectations can move exchange rates.

The report does not give details about the jobs figures.

Sources

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