Action Insight Mid-Day Report Canadian Dollar Rebounds after Strong Employment Report The Loonie rebounds strongly against the greenback in early US session after the release of a impressively strong employment report. The Canadian economy reversed Dec’s -2.9k contraction in the job market and added a new of 46.4k jobs in the month of Jan, much better than expectation of 10k. Unemployment rate also fell back to 33 year low of 5.8%. Employment rate also rose to a record high of 63.8%. The data
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Friday, February 8th, 2008 at 3:56 pm
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