Canadian dollar extends recent gains as US labor market cools
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The Canadian dollar rose 0.2% against the U.S. dollar, reaching its highest level since September 17, due to mixed U.S. jobs data suggesting potential policy divergence between the Bank of Canada and the Federal Reserve. The loonie's strength is attributed to market sentiment and expectations of a Canadian economic recovery. Meanwhile, U.S. job growth rebounded, oil prices fell 2.7%, and Canadian bond yields eased, reflecting broader economic trends.
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