The Canadian dollar experienced a boost in value on Thursday due to an unexpected surge in new job numbers.
Statistics Canada reported that a significant 75,000 jobs were added in July, bringing down the unemployment rate to its lowest level in two years at 6.4 per cent.
This news sent the loonie soaring to its highest close since June 10, reaching US$0.7172 or US$1=C$1.3943.
More on Forex
Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.
Market sentiment intelligence for apps, funds & agents
Location
729 55 Ave SW
Calgary AB T2V 0G4
Canada
© 2026 Guavy Inc
