Markets

C$ weakens after softer-than-expected jobs data

Published May 10, 2013 Updated May 10, 2013 04:40pm

1 min

By Abdul Ahad

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TORONTO: The Canadian dollar weakened to its lowest level in a week against the US dollar on Friday after Canadian employment data came in slightly softer than expected, erasing a week of strong gains by the currency.

The Canadian dollar fell to C$1.0125, or 98.77 US cents, well off its Thursday North American session close at C$1.0075, or 99.26 US cents, and its lowest level since May 3, after data showed the Canadian economy added just 12,500 jobs in April, below expectations for a 15,000 gain in employment.

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