Canadian Dollar Steady Near One Week Low Before Jobs Data
The loonie traded at 1.3630 per U.S. dollar as markets anticipate April employment figures. Analysts expect 15,000 new jobs while oil prices recover slightly.
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Canada's dollar held steady at 1.3630 per United States dollar on Thursday afternoon, remaining near a one-week low. It touched 1.3645 earlier in the day, its weakest intraday level since the previous Thursday. Weaker employment data on Friday could prompt the Bank of Canada to delay rate hikes beyond December.
