TORONTO: The Canadian dollar was nearly unchanged against its broadly firmer US counterpart on Monday, after hitting a five-week high earlier in the session as it added to gains made on Friday following much stronger-than-expected domestic jobs data.
The data showing a surge in jobs in November came ahead of a Bank of Canada interest rate decision on Wednesday.
The central bank is expected to leave its benchmark interest rate steady at 1 percent. But chances of a hike in January have increased to more than 50 percent from 47 percent before Friday's jobs data.
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