Markets

C$ weakens after surge in US jobs

Published May 2, 2014 Updated May 2, 2014 01:23pm

1 min

By Shoaib Ur Rehman

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TORONTO: The Canadian dollar weakened against its US counterpart on Friday after data showed that US job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent.

The Canadian dollar retreated to C$1.1007 against the greenback, or 90.85 cents, shortly after the figures were released.

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