Canadian dollar rises 1 pct vs U.S. dollar

LONDON (BestGrowthStock) – The Canadian dollar rose one percent against the U.S. dollar on Friday, extending gains after data showed a sharp increase in Canadian jobs.

Official data showed Canada added a whopping 93,200 jobs in June, compared with forecasts for a 15,000 increase.

The U.S. dollar fell 1.0 percent to C$1.0326, its lowest since late June. Next target was at the 100-day moving average at C$1.0302, traders said.

(Reporting by Lin Noueihed and Tamawa Desai)

Canadian dollar rises 1 pct vs U.S. dollar