By Commodity News Service Canada
Winnipeg, December 5 – The Canadian dollar closed lower against its US counterpart on Friday, pressured by disappointing Canadian job numbers that caused the jobless rate to jump to 6.6%.
Despite the disappointing numbers one analyst said the six-month moving average was “pretty decent”, according to a report.
A modest 0.1% gain in exports also supported the loonie, a trader said.
Canadian bonds ended lower alongside US Treasurys, powered by a robust US jobs report which showed that 321,000 jobs were created in November.
Canada’s two-year bond yield was 1.047% Friday, compared with 1.017% late Thursday.
The Canadian currency closed at C$1.1432 (US$0.8747). This compares with Thursday’s close of C$1.1375 (US$0.8791).
