Canadian Dollar in Jobs Shocker
- Category: CAD
The Canadian Dollar is under pressure after Canada lost jobs in August.
The Canadian dollar has lagged G10 peers over the past week, slipping by about half a per cent against the U.S. dollar, euro and pound.
A solid start to September stabilises the GBP/CAD outlook.
Cash payments are expected to account for just 10% of all consumer spending in Canada by 2030.