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fxJul 10, 2026, 1:47 PM

Canadian Dollar Rises on Stronger-Than-Expected Jobs Data

The Canadian Dollar strengthened against the US Dollar after Canada's June employment report exceeded forecasts, pushing USD/CAD to near its lowest level in more than two weeks.

USDCAD

The Canadian Dollar (CAD) gained ground on Friday following the release of stronger-than-expected employment data for June. The upbeat jobs report boosted demand for the loonie, sending the USD/CAD pair to around 1.4151, its lowest level in over two weeks.

Traders will now look for further catalysts, with upcoming economic data and central bank commentary likely to drive the next move in the pair.

Source: FXStreet Forex News