Western Union notes:
Markets safety frame of mind weighed on the loonie as many sought cover in popular haven currencies like the U.S dollar, yen and Swiss franc. Weaker oil prices below $60 stiffened the headwind on the commodity-linked loonie.
Canada's calendar next week features wholesale inflation on Monday, monthly growth for April on Tuesday, and... wait for it ... an off day Wednesday for Canada Day.
Market volatility next week could kick into a higher gear with U.S. markets closed Friday, July 3 and America's jobs report falling between the two North American off days. That spells bottom line risks for companies with unprotected or unhedged exposures.
