April 4, 2013 / 12:52 PM / in 6 years

C$ sinks to session low after U.S. jobless claims

TORONTO (Reuters) - The Canadian dollar weakened to a session low after U.S. jobless claims rose to the highest level in four months last week, suggesting the U.S. labor market recovery lost some steam.

The higher-than-expected number of new claims for unemployment benefits pushed the Canadian dollar to C$1.0160 to the U.S. dollar, or 98.43 U.S. cents, down from Wednesday’s North American session close at C$1.0145 to the greenback, or 98.57 U.S. cents.

Reporting By Andrea Hopkins; Editing by Jeffrey Hodgson

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