The loonie fell 0.6 of a cent to
The unemployment rate held steady at 6.9 per cent.
The participation rate was a bit lower than expected, coming in at 66.1 per cent versus the 66.3 per cent rate that economists had forecast.
The Canadian dollar had charged ahead almost 2/3 of a US cent Thursday to a four month high in the wake of a positive reading on housing starts.
Markets had also been encouraged by China’s April trade data that showed an improvement in exports. Exports rose 0.9 per cent from the previous year, compared with a 6.6 per cent decline in March. Imports also grew after a contraction in March but at a subdued level.
On Friday, there was some positive inflation news from
Consumer prices in the world’s second-largest economy rose 1.8 per cent over a year earlier, down from March’s 2.4 per cent increase, giving the government more leeway if needed to stimulate the slowing economy.
On the commodity markets, June crude in
July copper was unchanged at
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Hispanic Leader Goes the Extra Mile
- Xavier Gutierrez Appointed to Bank Board
- Ted Cruz: Why Did FAA Ban Flights to Israel?
- Honda' s Accord Plug-in Hybrid Is a Fuel Miser
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Stop-Start Engines Save Gas, Reduce Emissions
- Risks of Layoffs Becoming Rarer in U.S.
- Long-term Strengths Emerge in U.S. Economy
- Weekly Jobless Claims Drop to Lowest Level in 8 Years