Canadian dollar extends slide after U.S. jobless claims data

May 5, 2011

The following is from the 5 May 2011 edition of Reuters Canada.

Canada's dollar slipped to a fresh two-week low against the U.S. currency on Thursday shortly after data showed new U.S. jobless claims jumped to an eight-month high.

Extending losses driven by a commodity-price slide, the currency fell as low as C$0.9687 to the U.S. dollar, or $1.0323, its lowest since April 18. It was also well below its Wednesday North American session finish at C$0.9585 to the U.S. dollar, or $1.0433.

__________________________________________________________________


Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
Email Article