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Markets

C$ slips as domestic data caps December rate hike bets

Published November 2, 2018 Updated November 2, 2018 08:07pm
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By Shoaib Ur RehmanReuters
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TORONTO: The Canadian dollar dipped against a broadly stronger greenback on Friday, reversing from an earlier one-week high, after the release of domestic jobs data that was not firm enough to raise bets for another Bank of Canada interest rate hike next month.

The Canadian economy added 11,200 jobs in October on higher full-time hiring, and the unemployment rate fell to 5.8 percent, although wage growth was sluggish, Statistics Canada data indicated.

 

Copyright Reuters, 2018
 

 

 

 

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