Loonie Weakens to 72.25 U.S. Cents Amidst Jobs Disappointment

The Canadian dollar ended the week at 72.25 U.S. cents after Canada lost 42,000 jobs in August.

The jobs report appeared to favor the U.S. dollar, with a gain of 162,000 payrolls in the same period.

This mismatch matters for anyone converting cash or owning U.S. assets without a currency hedge.

The Canadian dollar stayed within a 0.56-cent range based on official daily averages, from 72.5 to 72.2 cents per C$1, with the week's weakest reading at 71.96 cents on September 1.