Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

Canadian Dollar Fluctuates Before Unemployment-Rate Reports

The Canadian dollar fluctuated versus its U.S. counterpart before a report that may show the jobless rate in the world’s 11th-largest economy increased.

The currency was little changed against the greenback as Bloomberg surveys forecast Canada’s unemployment rate to rise to 7.1 percent in February as the nation added 8,000 jobs after losing almost 22,000 in January. U.S. businesses added 165,000 workers in February and the unemployment rate stayed at 7.9 percent, separate surveys forecast.

“The U.S. figures are likely to be the bigger story, and the Canadian dollar will react more to that,” Camilla Sutton, head of currency strategy at Bank of Nova Scotia, said by phone from Toronto.

Canada’s dollar, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, was little changed at C$1.0289 per U.S. dollar at 8:15 a.m. in Toronto. One loonie buys 97.19 U.S. cents.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.