The loonie lost some of its jobs-driven gains amid fresh worries about the state of the Chinese economy, a big commodity consumer. Canada's buck weakened back above C$1.26 after getting a boost below that level last week following surprisingly solid jobs data that showed the economy added nearly 30,000 jobs in March compared to forecasts of no gain.
Although the job gains came entirely from part-time hires, the better outcome was seen subtracting ammunition from the Bank of Canada to cut interest rates further. The central bank mulls its next policy decision on Wednesday.
