Canadian $ falls as US jobs data boosts greenback

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.