CANADA FX DEBT-C$ strongest since mid-May on robust jobs data
* C$ hits C$1.0166 vs US$, or 98.37 U.S. cents
* Canadian jobs number pushes C$ to strongest in 3 weeks
* Government debt yields spike
By Alastair Sharp
TORONTO, June 7 (Reuters) - The Canadian dollar hit its strongest level against the U.S. dollar since mid-May on Friday after data showed the Canadian economy added a robust 95,000 jobs last month.
The stellar performance beat market expectations for a 15,000 gain and was the largest monthly addition of new jobs in 11 years.
The more globally significant U.S. non-farm payrolls report released at the same time showed modest growth roughly in line with market expectations.
"It's tough to imagine a better combination for the Canadian dollar. You've got a U.S. economy that's still growing relatively healthily, not as well as everybody would hope for, but a decent U.S. number and a spectacular Canadian number," said Doug Porter, chief economist at BMO Capital Markets.
"It really doesn't get any better than that for the Canadian dollar," he said. Continued...