Canadian $ falls as US jobs data boosts greenback
Toronto
THE Canadian dollar notched its weakest close in more than two weeks against its US counterpart on Friday as the greenback surged after a strong US jobs report and domestic data showed a jump in Canada's trade deficit.
"It's the long-anticipated corrective bounce in dollar-Canada", pushed mostly from the greenback side in reaction to the US jobs data, said Bipan Rai, a senior macro strategist at CIBC Capital Markets.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now