OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes.
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The USD/CAD gained 1.01 percent in the first week of September. The currency pair traded at 1.3173 on Friday after a tale of two reports put downward pressure on the loonie.
The Canadian and US jobs reports were published on Friday at the same time.
While the US economy added 201,000 and saw wage growth.
The Canadian economy lost 51,600 jobs in August and the unemployment rate rose to 6 percent.
The Canadian dollar was on the back foot most of the week given the uncertain future of the US-Canada trade negotiations.
The silver lining came on Thursday after Bank of Canada (BoC) Deputy Governor Carolyn Wilkins said that a breakdown in the US-Canada trade talks would not keep the central bank from raising interest rates.
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