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The Canadian dollar surged to a 10-week high against its U.S. counterpart after a surprisingly strong jobs report showed the economy added 53,600 positions.
The Canadian Dollar fell for a third consecutive day against the U.S. Dollar, with the USD/CAD pair nearing a seven-month high around the 1.4050 mark.
Canada's September CPI rose 2.4% year-over-year, exceeding forecasts and reducing market odds for a Bank of Canada rate cut. The Canadian dollar steadied, while the US dollar strengthened amid easing
The Canadian dollar strengthened against its U.S. counterpart after Canada's economy added 60,400 jobs in September, far exceeding market expectations.
