Canadaian Dollar Left Out of Risk Rally Before Jobs Data

The Canadian dollar fell against the majority of its most-traded peers before a report forecast to show job creation slowed even as strong trade data from China buoyed the currencies of other commodity exporters.

The Canadian currency traded in its tightest range this year versus the greenback. The economy probably created 5,000 jobs in January, down from a revised 31,200 the month before, according to a Bloomberg survey of 23 economists. The currency fell against the Australian and New Zealand dollars, fellow so-called commodity currencies, after China’s government said exports gained 25 percent from a year earlier and imports rose 28.8 percent. Crude oil, Canada’s largest export, rose.