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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.