Canada Ivey Purchasing Managers Index s.a registered at 50.1, below expectations (53.1) in August

The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD’s upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.