Canadian Dollar futures settle slightly higher after mixed data.

Canadian Dollar futures experienced a volatile session, managing a slight reversal after falling 1.8 percent from the January 30 highs. Despite the currency trading lower for four of the previous five sessions, prices finished 0.18 percent higher on the day. The session high reached 0.7351 before retreating toward the close. Mixed economic data out of Canada provided conflicting signals for the market; the employment change showed a loss of 24,800 jobs, significantly missing the consensus expectation for a gain of 5,200. Conversely, the unemployment rate improved to 6.5 percent, down from both the previous 6.8 percent and market forecasts. The Bank of Canada maintained its overnight rate at 2.25 percent during its January meeting, citing global trade uncertainty as a key factor in its hold bias. Market participants largely anticipate another hold at the upcoming March 9 announcement, as the central bank appears to have concluded its easing cycle for the time being.