Canada dollar rises on above-forecast jobs data

Fri Feb 5, 2010 7:15am EST
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LONDON Feb 5 (Reuters) - The Canadian dollar rose on Friday after data showed the Canadian economy created more jobs than expected in January.

Canadian employment rose by 43,000 in January, against forecasts for a smaller 15,000 rise. This brought the unemployment rate down to 8.3 percent from 8.4 percent, compared with forecasts for a rate of 8.5 percent. [ID:nOTT003859]

The Canadian dollar CAD=D4 rose to C$1.0718, around the day's high, from C$1.0749 just beforehand, taking it off an earlier three-month low of C$1.0781.

(Reporting by London Forex Team)