Canadian dollar tilts lower on weak data

Loonie tilted lower vs. greenback today after weak Canadian economic data releases amid the ongoing trade war.

The US-China trade war continue to escalate after new remarks by President Trump.

Trump said that his country not ready to reach an agreement with China yet, stating that US companies will not deal with Huawei due to national security risks.

Which comes after China ordered its state-owned companies to suspend purchasing any US agricultural goods, which markets interpreted as a response to Trump's new tariffs.

Canadian data showed that the labor market has lost 24.2 thousand jobs in July while the unemployment rate rose to 5.7% from 5.5%.

As of 15:57 GMT, CAD/USD stabilized at $0.75611, with a high of $0.7577 and a low of $0.75331.