Canadian Dollar Advances on Bets Jobs Growth Rebounded in April
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The Canadian dollar rose against the majority of its most-traded peer before a report forecast to show job creation rebounded in April.
The currency touched its lowest level in a week versus the U.S. dollar as the greenback rose against all its major peers after the yen fell past 100 to the American dollar yesterday for the first time since 2009. Canada added 15,000 jobs in April after losing 54,500 the previous month, according to a Bloomberg survey of 27 economists. A separate survey predicted the unemployment rate to remain at 7.2 percent.