Monday, July 12th, 2010

Forex: CAD skyrockets on upbeat jobs report

Forex: CAD skyrockets on upbeat jobs report
FXstreet.com (Barcelona) – The Loonie is all over after a release in the Canadian jobs market showed the nation managed to decrease its jobless rate by a surprising 0.20%, breaking the 8% mark to set a new 1 ½ year low on its key jobs rate at 7.9%. The data also favours a new rate hike by the BoC this July.

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