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Loonie Tumbles Amid Huge Miss in Jobs Data Expectations, Geopolitical Worries

Posted August 12, 2014

Under Economic Issues

(Canadian Press)

The Canadian dollar tumbled Friday amid a huge miss in expectations for job creation last month.

The loonie was down of a 0.42 of a cent to 91.15 cents US as Statistics Canada reported that the economy created a paltry 200 jobs during July. Economists had generally expected that 20,000 jobs would be created. The jobless rate dipped 0.1 of a point to 7.0%. Read more here.