Canada dollar hits day's high on strong Canada jobs

Fri Dec 4, 2009 7:11am EST
 
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LONDON (Reuters) - The Canadian dollar extended gains on Friday after government figures showed that the economy created far more jobs than expected last month and the unemployment rate surprisingly fell.

The Canadian dollar rose to a session high of C$1.0483 per U.S. dollar from around C$1.0530 just before the data were released.

The Canadian economy created 79,000 jobs in November, more than five times the 15,000 expected. The unemployment rate dipped to 8.5 percent from 8.6 percent, surprising analysts who had expected a rise to 8.7 percent.