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USD/CAD Forecast: Loonie Tumbles After Canada Jobs Data

by Forex Crunch
December 9, 2024
in Forex Analysis
Reading Time: 1 min read

Canada employment figures solidified bets for a massive Bank of Canada rate cut. Canada’s unemployment rate soared from 6.5% to 6.8%. The US economy added 224,000 jobs in November. The USD/CAD forecast shows bulls at the front as the Canadian dollar stays weak after downbeat domestic employment figures. Meanwhile, the dollar firmed against the loonie…
The post USD/CAD Forecast: Loonie Tumbles After Canada Jobs Data appeared first on Forex Crunch.
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