Mar 11, 2013 / 6:15 am
The Canadian dollar was higher Monday morning as the loonie continued to find some lift from Friday's blowout jobs report.
The loonie was up 0.08 of a cent to 97.25 cents US after Statistics Canada reported that almost 51,000 jobs were created in February, much higher than the 7,500 or so that economists had expected.
There was also good news from Canada's largest trading partner as U.S. job growth came in at 236,000 for the month, against the 165,000 that had been expected.
Commodity prices stepped back after data released over the weekend showed lower than expected expansion in China's economy at the beginning of the year.
April crude on the New York Mercantile Exchange was down 21 cents at US$91.74 a barrel, while May copper declined two cents to US$3.49 a pound. However, April gold bullion gained $2.40 to US$1,579.30 an ounce.
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