The loonie was a little weaker on Monday, struggling to find its footing in the wake of mixed local jobs data last week and with oil below $60. Canada shed nearly 20,000 jobs in April though not enough to raise unemployment which held at 6.8 percent.
Little data from Canada this week could keep the loonie on a directionless short-term path.
Commentary
CAD review
The loonie was a little weaker on Monday, struggling to find its footing in the wake of mixed local jobs data last week and with oil below $60. Canada shed nearly 20,000 jobs in April though not enough to raise unemploym…
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