CANADA FX DEBT-C$ rises after strong U.S. jobs report
* C$ at C$0.9746 to the U.S. dollar, or $1.0261
* Pulls back from 5-week low after U.S. jobs report
* U.S. jobs data eases recession fears
* Canadian data helps support market
* Bond prices fall as safe-haven bid fades
By Andrea Hopkins
TORONTO, Aug 5 (Reuters) - Canada's dollar strengthened against the U.S. currency on Friday morning, rebounding from a five-week low, after stronger-than-expected U.S. jobs data eased fears about a recession and calmed jittery investors.
The U.S. data came on the heels of a Canadian employment report that showed the unemployment rate in July at its lowest level since December 2008 and strong private-sector job gains. But overall hiring was lower than analysts had forecast.
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that eased fears that the economy was sliding into another recession. [ID:nOAT004847] Continued...