Bush in power starting to look good for me
Posted: Sat Oct 09, 2004 11:59 pm
Well me and all other Canadian freelancers.
Like a McDonald's commercial would say... ba da ba ba ba...I'm lovin' it.
Canadian Dollar Hits 80 U.S. Cents on Jobs Data
TORONTO (Reuters) - The Canadian dollar hit 80 U.S. cents on Friday morning for the first time since March 1993, surging on strong September jobs figures at home and weak ones in the United States.
Canadian bonds followed U.S. treasuries higher after the U.S. employment numbers.
The Canadian currency was at C$1.2500 to the U.S. dollar, or 80.00 U.S. cents, according to Reuters data, up sharply from C$1.2613, or 79.28 U.S. cents, at the close of North American trading on Thursday.
Canada's unemployment rate fell to 7.1 percent in September from 7.2 percent in August -- the lowest level since July 2001 -- as the economy created 43,200 jobs, Statistics Canada said.
That was above expectations that 15,000 jobs would be added and that the unemployment rate would be unchanged at 7.2 percent.
In the United States, employment rose by 96,000 in September, well below Wall Street economists' forecasts for 148,000 new jobs. The unemployment rate held steady at 5.4 percent. The data sent the U.S. dollar broadly lower.
Like a McDonald's commercial would say... ba da ba ba ba...I'm lovin' it.