CANADA FX DEBT-Canadian dollar, “super-charged” by jobs data, posts 1-month high
(Adds strategist quotes and details throughout; updates prices)
* Canadian dollar rises 0.5% against the greenback
* Canada adds 378,200 jobs in September
* Loonie touches a 1-month high at 1.3111
* Canadian bond yields were mixed across a steeper curve
By Fergal Smith
TORONTO, Oct 9 (Reuters) – The Canadian dollar strengthened
against its U.S. counterpart on Friday to notch its biggest
weekly advance in four months, driven by domestic data showing a
faster pace of job gains and rising hopes of U.S. stimulus that
boosted Wall Street.
Canada added 378,200 jobs in September after an increase of
246,000 in the previous month, handily beating analyst
expectations, as children returned to school and the economy
continued to reopen from coronavirus shutdowns, Statistics
Canada said.
“Accelerating job creation in Canada in September has
super-charged the Canadian dollar” said Michael Goshko,
corporate risk manager at Western Union Business Solutions.
Adding to