Canadian dollar extends gains on Canada jobs surprise

Fri Sep 4, 2009 7:11am EDT
 
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LONDON (Reuters) - The Canadian dollar extended gains against the U.S. dollar on Friday, hitting a session high on the back of surprisingly strong Canadian employment figures for the month of August.

Official data showed that Canada's economy added 27,100 jobs last month, confounding economists who had expected a fall of 10,000. The unemployment rate rose to 8.7 percent, in line with forecasts but the highest in over a decade. The U.S. dollar fell to a session low of C$1.0922 from around C$1.0969 just before the figures were released.