CURRENCIES
·
SUBSCRIBERS
Canadian dollar rises for 6th straight week despite jobs falling short of estimates
Add BT as a preferred sourcePublished Sun, May 9, 2021 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Toronto
THE Canadian dollar was little changed against the greenback on Friday as jobs data for both Canada and the United States fell short of estimates, with the loonie holding near its strongest level in 31/2 years and extending a weekly win streak.
Canada lost 207,100 jobs in April as fresh restrictions to contain a variant-driven third wave of Covid-19 weighed on employers, Statistics Canada data showed. Analysts had forecast a decline of 175,000.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
