The Canadian dollar spiked up against the U.S. dollar on Friday after data showed that U.S. employment for the month of July increased more than expected.
The loonie that closed yesterday's deals at 1.0075 against the greenback rose to a new 2-1/2-month high of 1.0004. On the upside, the loonie will break parity in near term.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.