Canadian $ falls as US jobs data boosts greenback
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Toronto
THE Canadian dollar notched its weakest close in more than two weeks against its US counterpart on Friday as the greenback surged after a strong US jobs report and domestic data showed a jump in Canada's trade deficit.
"It's the long-anticipated corrective bounce in dollar-Canada", pushed mostly from the greenback side in reaction to the US jobs data, said Bipan Rai, a senior macro strategist at CIBC Capital Markets.
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