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Canadian Dollar Jumps, Stock Markets Surge Friday Morning

Posted April 08, 2016

Under Economic Issues, International Trade Issues

(Canadian Press)

The Canadian dollar was above 77 cents US this morning, getting support from strong employment report and higher oil prices.

The loonie had been below 76.50 cents US just before the March jobs figures were released at 8:30 a.m. and soared just above 77 cents within a matter of minutes as Statistics Canada reported an unexpectedly high 40,600 jobs were added to the economy last month.

That’s the biggest one-month jump in employment in six months. The loonie surge also came as the price of crude oil strengthened. Click here to read more.