The Canadian dollar edged up against most of its major counterpart in New York morning trading on Thursday. The loonie advanced to new multi-week highs against the euro and the US dollar.
According to data released today by Statistics Canada, Canada's jobless rate jumped to its highest level in seven years in March, extending a trend of rising unemployment. Employment declined by 61,000 in March, all in full-time work. This decrease pushed the unemployment rate up 0.3 percentage points to 8.0%.
The Statistics Canada also said that Canadian new home selling prices decreased 0.7% between January and February, compared with a 0.6% decline a month earlier. This resulted in a New Housing Price Index of 155.3.
The Canadian currency extended European session's up trend against the euro and the US dollar in New York morning today. The loonie hit new multi-week highs of 1.2214 against the greenback by about 10:25 am ET and 1.6130 versus the euro at about 11:30 am ET, which may be compared to Wednesday's New York session closing values of 1.2366 and 1.6422, respectively. As of now, the loonie is worth 1.2273 against the buck and 1.6143 versus the euro.
The loonie also advanced against its Japanese counterpart in New York morning deals today. The Canadian currency climbed to a 3-day high of 82.17 versus the yen as of 10:20 am ET from yesterday's North American session close of 80.73. Currently, the loonie-yen pair is trading at 81.85.
For comments and feedback: contact firstname.lastname@example.org