Loonie still flying high
Oct 5, 2012 / 6:42 am
The Canadian dollar rose more than half a cent Friday morning after a report showed the domestic economy added five times more jobs than expected.
The loonie rose 0.73 of a cent to 102.72 cents US shortly before markets opened.
Statistics Canada said the country added 52,100 new jobs in September, marking the third biggest increase so far this year. Economists had predicted 10,000 jobs would be created last month.
"The composition and magnitude of employment gains have provided solid support to household spending," said RBC assistant chief economist Dawn Desjardins in a note.
"For the Bank of Canada, the persistence of slack in the economy will provide the rationale to keep the overnight rate at one per cent at least until the external headwinds die down and growth starts to strengthen," Desjardins said.
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|QHR Technologies Inc||0.56||-0.01|
|Anavex Life Sciences||0.475||-0.025|
|Copper Mountain Mining||1.73||-0.02|
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