By Commodity News Service Canada
WINNIPEG, June 6 – The Canadian dollar ended little changed relative to the US dollar on Friday, as traders were being cautious ahead of the weekend, analysts said.
The Canadian dollar closed at US$0.9149 or US$1=C$1.0930 on Friday, which compares with Thursday’s North American settlement of US$0.9150 or US$1=C$1.0929.
Canada’s employment data was mixed, providing little direction for the currency. Statistics Canada reported that 26,000 new jobs were created in May, which was above expectations. But, most of the jobs were part time, and 29,000 full time jobs were lost, which caused the unemployment rate to increase unexpectedly to 7.0 per cent, from 6.9 per cent.
US employment data came in line with expectations, as 217,000 new jobs were created in May and the unemployment rate remained unchanged at 6.3 per cent.
Canadian bonds closed mixed ahead of the weekend on Friday, reacting to the employment data from Canada and the US, participants said.
The two-year bond yielded 1.063% late Friday, from 1.062% late Thursday. The 10-year bond yielded 2.321%, from 2.330%. Bond yields fall as their prices rise.
