On Friday the loonie closed at 101.85 cents US...up about 1.5 cents from Thursday....This was on the back of a lower than expected jobless rate in Canada....The unemployment rate also reached a 30 year low....It hadn't seen 5.9% since the Watergate Scandal, the canceling of the Brady Bunch and the first Darwin Beer can regatta....good times...all provinces added jobs especially Ontario which was assisted by the up and coming election...Cautionary news though is that with such a high level employment wages have increased which could spell inflationary concerns....
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