The loonie was down 0.55 of a cent to 103.76 cents US after the U.S. Labour Department reported that the economy created only 18,000 jobs while the unemployment rate rose 0.1 of a percentage point to 9.2 per cent.
The country’s unemployment rate held steady in June at 7.4 per cent as the number of people entering the workforce increased. The increase in jobs was mainly in the part-time sector, which added 21,000 jobs, compared with 7,000 new full-time jobs. |