The CAD climbed 0.2% against the USD, though it lagged behind other G10 peers as traders weigh persistent BoC tightening bets against softening domestic employment figures.
CAD gained 0.2% against USD but underperformed other G10 currencies, with markets still pricing BoC tightening despite weak labour data.
The Canadian Dollar rose 0.2% against the US Dollar as markets maintain expectations for Bank of Canada rate hikes. Despite recent weak labour market data, investors continue to price in further monetary tightening before the end of the year.
Markets are prioritizing expectations of Bank of Canada monetary tightening through year-end over the recent soft employment reports.