Canadian Dollar Forecast: Hawkish BoC And Strong Jobs Data Should Keep The Loonie On The Front Foot
November 06, 2022 at 04:00 AM EST
The Loonie rallied on Friday as strong data and rising oil prices gave it a boost. Canadian unemployment beat estimates coming in at 5.2% with estimates at 5.3%, while the employment change numbers came in at 108.3k against estimates of 10k.