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fxJun 29, 2026, 4:22 PM

Canadian Dollar Steadies as Oil Rebounds, US Jobs Data in Focus

USD/CAD trades near 1.4210 as traders await key US labor market reports, including June Nonfarm Payrolls on Thursday. A rebound in oil prices provides support for the loonie.

USDCAD

The Canadian dollar held steady against the US dollar on Monday, with USD/CAD trading around 1.4210. Investors remained cautious ahead of a series of US labor market releases, culminating in the June Nonfarm Payrolls report due Thursday.

Oil prices rebounded, lending support to the commodity-linked loonie. The focus this week will be on employment data, which could influence the Federal Reserve's policy path and drive further moves in the pair.

Trading volumes were subdued as participants awaited clearer directional cues from the upcoming data.

Source: FXStreet Forex News