“The Canadian dollar jumped more than a full cent higher against the U.S. greenback Friday after a weaker-than-expected U.S. jobs report.
According to Bloomberg, the loonie hit an intraday high of 77.43 cents US shortly after the release of employment figures that showed U.S. job creation in April hit its lowest mark in more than five years.
The loonie eventually finished the day with a gain of 0.95, putting it at 77.26 cents US.”
With our dollar being as low as it has been, it’s nice to see it on the rise, hopefully this upward trend continues and we can see a stronger dollar. There’s no denying that a low dollar impacts a lot of our financial decisions, both big and small; lets keep our fingers crossed for this upward trend to continue.
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