The USD/CAD pair consolidates its recent gains near 1.3370 in the early Asian session. The downbeat Canadian employment data triggers a weakening in the Loonie across the board. Investors will digest the data in this quiet week in terms of economic events ahead of the US Consumer Price Index (CPI) on Thursday. On Friday, Statistics Canada revealed that the Canadian economy unexpectedly lost 6,400 jobs in July. Meanwhile, the Unemployment rate rose to 5.5%. The figure has increased for three consecutive months since COVID. Additionally, the Canadian Dollar didn’t benefit from an increase in oil prices following the ... (full story)