Canadian dollar underperforms G10 peers as jobs data clips BoC rate hike bets

Canadian dollar underperforms G10 peers as jobs data clips BoC rate hike bets

Bond yields ease across a steeper curve

Canadian dollar drops after weak job report shakes market confidence

The Canadian dollar has taken a hit after new job numbers showed that the country’s economy is not performing as strongly as expected. The weaker-than-expected employment data quickly changed how investors feel about Canada’s financial outlook, and the currency slipped against other major world currencies. The job report raised concerns that Canada’s job market is slowing down. Fewer jobs were created than many had predicted, and this made trade…