TORONTO, Nov 5 (Reuters) - The Canadian dollar hit parity against the greenback on Friday morning after data showed U.S. payrolls surged in October and investors found the bright side of a soft Canadian jobs report.
The Canadian dollar CAD=D4 rose to exactly US$1, building on gains after the U.S. data was released.
The currency hit a session low briefly after Canada's economy added a mere 3,000 jobs in October, a fifth of what was expected. But it quickly pared losses as details of the report were more favorable, including a drop in the Canadian unemployment rate. [ID:nSCL5ME673] (Reporting by Claire Sibonney; editing by Peter Galloway)