Canadian Dollar Climbs on Nation’s Largest Jobs Gains in Decade

Canada’s dollar gained for a second day against its U.S. peer after the economy added the most jobs in more than a decade in May and the unemployment rate declined.

The currency advanced to its first weekly gain in five against the greenback as the U.S. jobless rate went up even as payrolls increased, offering mixed signals as the Federal Reserve considers tapering monetary stimulus. It climbed the most in more than a year yesterday after Bank of Canada Governor Stephen Poloz in his first public comments reiterated his predecessor’s view that rates will rise as the economy grows. Canada’s 10-year bond yield rose to the highest in a year.