C$ weakens after softer-than-expected jobs data
TORONTO (Reuters) - The Canadian dollar weakened to its lowest level in a week against the U.S. dollar on Friday after Canadian employment data came in slightly softer than expected, erasing a week of strong gains by the currency.
The Canadian dollar fell to C$1.0125, or 98.77 U.S. cents, well off its Thursday North American session close at C$1.0075, or 99.26 U.S. cents, and its lowest level since May 3, after data showed the Canadian economy added just 12,500 jobs in April, below expectations for a 15,000 gain in employment.
(Reporting by Andrea Hopkins; Editing by Jeffrey Hodgson)
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