Statistics Canada

Statistics Canada: The loonie was off 0.01 of a cent to 96.66 cents US as Statistics Canada reported that municipalities issued $7 billion worth of building permits in April, up 10.5 per cent from March and far more than the month-to-month decline that analysts had expected, according to 660 News. There was disappointing job creation data two days before the release of the governments official employment data for last month. Payroll firm ADP reported that the private sector cranked out 135,000 jobs during May, less than the 165,000 that had been expected and TORONTO The Canadian dollar closed little changed Wednesday amid a strong housing report and weak American jobs data. Meanwhile, weak U.S. economic data encouraged speculation about when the Federal Reserve might back off on its monetary stimulus. (www.immigrantscanada.com). As reported in the news.