Markets

C$ weakens after dual North American jobs data

Published February 6, 2015 Updated February 6, 2015 09:32pm

1 min

By Shoaib Ur Rehman

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TORONTO: The Canadian dollar weakened slightly on Friday in the minutes after both Canada and the United States released monthly employment data for January.

Both headline figures were strong, with investors taking the US numbers to mean an earlier Federal Reserve rate hike was possible.

The Canadian currency hit C$1.25, or 80 US cents, before settling at around C$1.2465. It closed on Thursday at C$1.2424.

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