Forex news – Canadian dollar plunges to 6-year low on weak jobs
Posted on March 16, 2015 at 5:18 am GMTThe latest job numbers out of Canada for the month of February were discouraging, as the impact of declining oil prices is starting to have an impact on job markets across the country. Canada is the world’s fifth largest crude producer, so oil a major export for the country. As such the Canadian dollar is sensitive to price changes in the commodity. Statistics Canada said that the Canadian economy lost 1,000 jobs last month and the unemployment rate rose to [..]