CAD Rises on US Jobless Claims and Chinese Data

The Canadian dollar saw an uptick Thursday, pushed upwards by strong export and import data from the U.S. that eased some concerns over the slowdown in the world’s second-largest economy.

The loonie climbed 0.08 of a cent (U.S.) to 96.02 cents before stock markets opened.

China reported that exports were up 5.1 per cent from a year earlier, while imports jumped 10.9 per cent In the U.S., unemployment aid applications were up 5,000 to 333,000 in July, a sign that signals steady job gains.

via Globe and Mail

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