CAD review

Western Union notes in a report on Tuesday:

• The loonie's decline to near one-month lows had it in closer proximity of the six-year lows it plumbed in late January above C$1.27. 
  
  
• Canada's monthly jobs report looms at the end of the week and is forecast to show a contraction in hiring in February. Unemployment is forecast to rise by a notch to 6.7 percent.
• The loonie could be a weak jobs report away from crushing to new multiyear lows against its U.S. counterpart.