The Canadian dollar has passed one year of 3.5 costs high despite missing expectations country employment data. ReutersThe Canadian dollar breaks to one year in three years and half high costs Friday morning despite a report on the March employment that missed expectations.
The weakness of the dollar and the higher prices helped send the Loonie up to 0.44 of % to 104.77(1) cents after earlier going as high as nearly 105 cents US.
Statistical Canada reported that the economy shed 1,500 jobs for the first time since last September, although the unemployment rate has managed to slip to 7.7 7.8% the previous month.
Economists had expected an overall gain of about 30,000 jobs in March.
"The employment report made next to no impact on the Canadian dollar," said Deputy Chief BMO Capital markets Economist Doug Porter.
"The driver big at the moment is the US dollar itself decline against most currencies and we see the real force in almost all main products you can shake a stick at. gold prices are at a record"., silver is higher at $ US 40 an ounce and oil is an another one or two dollars. ?
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