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Canadian Dollar Falls on Job Losses
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Canadian Dollar Falls on Job Losses

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Canadian Dollar Falls on Job Losses

A loss of 54,000 jobs in October drove the Canadian unemployment rate to 7.3 percent and has resulted in a loss of more than a cent to the U.S. dollar on early morning trading in Toronto. The loonie tumbled 1.15 cents to 98.05 cents US as traders also took in weak U.S. employment data for October. “It is too early to draw a direct link to the volatility in global financial markets as the European sovereign debt crisis rages on,” said [...]

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