Dollar dips on jobs numbers
Look for the markets to be a little volatile this morning as they digest these numbers
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TORONTO—The Canadian Dollar has declined slightly this morning after the release of both U.S. and Canadian unemployment numbers.
The U.S. numbers came out much as expected with 223,000 new jobs being added versus an anticipated addition of 224,000 jobs and the unemployment rate moved down to 5.4 per cent from 5.5 per cent.
The Canadian unemployment numbers were a bit of a mixed bag this morning, overall the Canadian economy lost 19,700 jobs in April, but those numbers showed a loss of 66,000 part time jobs and a gain of over 46,000 full time jobs while the unemployment rate remained unchanged at 6.8 per cent due to a decrease in the overall participation rate.