Forex
Canadian Bond Yield Falls Amid Weaker Jobs Data
The Canadian 10-year government bond yield fell to 3.775% on Friday after a weaker-than-expected domestic jobs report.
The data showed Canada's economy lost 41,700 jobs in August, sharply reversing unusually strong hiring earlier in the summer.
The unemployment rate held at 6.4%, while economists had expected employment to increase by about 15,000.
The weak jobs report reinforced expectations that the Bank of Canada can remain cautious on interest rates as the economy loses momentum.