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.
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