February 6, 2015 / 1:53 PM / in 3 years

Canadian dollar weakens after dual North American jobs data

TORONTO (Reuters) - The Canadian dollar CAD=D3 weakened slightly on Friday in the minutes after both Canada and the United States released monthly employment data for January.

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch

Both headline figures were strong, with investors taking the U.S. numbers to mean an earlier Federal Reserve rate hike was possible.

The Canadian currency hit C$1.25, or 80 U.S. cents, before settling at around C$1.2465. It closed on Thursday at C$1.2424.

Reporting by Alastair Sharp; Editing by Bernadette Baum

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