Canada dollar rises on above-forecast jobs data
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)
© Thomson Reuters 2016 All rights reserved.