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Canada lost 68,000 jobs in May and the unemployment rate rose to 8.2%, as lockdowns imposed to curb a harsh third wave of COVID-19 continued to weigh on the economy, Statistics Canada data showed on Friday. ....
C$ little changed after hitting more than 3-1/2-year peak vs U.S. dollar marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Euro regains poise as data points to stronger recovery The euro rose on Friday, edging back towards a seven-week high having nursed losses after European Central Bank President Christine Lagarde squashed speculation that policymakers will start to consider a tapering of bond purchases. Flash purchasing managers’ index numbers for April came in better than expected in the euro zone and supported the view that the region’s economic recovery is accelerating, although the already-stronger euro was little moved by that data. The United States numbers are due at 1345 GMT. The euro gained 0.3% to $1.2054 while the dollar index, measured against a basket of currencies, was down 0.3% . ....
Singapore and the Philippines led modest gains among Asian stock markets on Thursday. BENGALURU: Singapore and the Philippines led modest gains among Asian stock markets on Thursday, as investors focused on U.S. stimulus plans, while Taiwan s dollar extended gains to the growing worry of the country s central bank. The region s equity markets rose by no more than half a percent, barring Singapore and Manila, ahead of details around President-elect Joe Biden s pandemic relief package due later on Thursday. Biden had promised trillions of dollars in aid and CNN reported that a package of $2 trillion was being considered. That prospect and the U.S. Federal Reserve s pledge to keep buying bonds lifted Treasury yields once again, propping up the dollar and suppressing many of Asia s currencies, that were largely flat to lower. ....