Loonie: Weakens after surprise drop in Canada jobs

Fri Nov 4, 2011 7:08am EDT
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TORONTO (Reuters) - The Canadian dollar weakened to a session low against its U.S. counterpart on Friday after Canadian employment dropped by a huge 54,000 jobs, bucking expectations for a 12,200 gain.

The Canadian dollar fell to C$1.0170 to the U.S. dollar, or 98.33 U.S. cents, nearly a cent lower than Thursday's North American session close at C$1.0081 to the U.S. dollar, or 99.20 U.S. cents.

(Reporting by Andrea Hopkins; Editing by Jeffrey Hodgson)