The Canadian Dollar traded at 96.43 cents per U.S. Dollar, an appreciation of 0.3 cents, up from yesterdays 96.69. The Canadian Dollar touched 94.46 on April 29th, it’s highest level since November 2007.
The Unemployment numbers helped the Canadian Dollar make gains against the U.S. Dollar – ending it’s longest losing streak since December as more jobs were added in April than forecast and the jobless rate fell.
“If commodity prices can stabilize, I think the market will key in on this market and take the loonie higher” ( the currency is known for its image of the aquatic bird on the C$1 coin ) director of foreign exchange at Bank of Montreal, Blake Jespersen, stated by phone.
dropped to 7.6 percent.