Jobs Data Pushes CAD to 3 1/2 Year High

The latest Canadian employment report showed the economy lost 1,500 jobs in March but most were part-time positions; of note however, the report showed that 96,000 new full-time positions were created. The positive jobs news combined with high commodity prices have helped drive the Canadian dollar to a 3 1/2 year high of US$1.05 against its American counterpart.

Source: Reuters

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