The Canadian Dollar is seeing a rebound alongside market sentiment. Canada Unemployment, Wages figures due on Friday alongside US NFP. Crude Oil prices are moderating on the low end, capping CAD gains. Canada Unemployment and Average Hourly Wages data is slated for release on Friday, with the data points likely to be overshadowed by another US Nonfarm Payrolls in the books.
USD/CAD Daily Chart Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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