On Monday, the Canadian dollar stabilized against the US dollar as investors awaited US inflation data.
The Canadian dollar steadied against the US dollar on Monday as investors focused on key US inflation data. The currency was unable to sustain gains after Canada's economy added 90,400 jobs in April, five times the forecast. The loonie traded at 1.3670 to the US dollar, or 73.15 U.S. cents. Investors are awaiting US inflation data for guidance on interest rates.
May 13, 2024
8 Articles