Wealthsimple is preparing to launch CADD, a stablecoin fully backed by the Canadian dollar, which will deliver 3.25% rewards to holders once regulator approval is secured.

According to @ReutersBiz, the Canadian dollar snapped a daily losing streak after a surprise jobs gain, with CAD strengthening on the headline (source: Reuters Business, https://reut.rs/4hQBDRR). Reuters Business reports the currency move followed stronger-than-expected employment data in Canada that supported CAD during the session (source: Reuters Business, https://reut.rs/4hQBDRR).