CAD review

Western Union notes in a report on Wednesday:

• Greenback strength and expectations for a soggy local jobs report Friday weighed on the loonie which hit five-week lows around C$1.27, putting it at risk of returning to recent six-year lows around C$1.28. 
  
  
• The loonie had tentatively found some footing recently after the Bank of Canada held fire on a rate cut this month. 
  
  
• A weak jobs report Friday could renew pressure on the bank to cut rates. Forecasts call for Canadian hiring to fall by 5,000 in February which is seen lifting unemployment by a tick to 6.7 percent.