Statistics Canada

Statistics Canada: The loonie was off early highs but still up 0.59 of a cent to 98.06 cents US after Statistics Canada reported that the economy created 95,000 jobs in May, most of them full-time positions. Also, the unemployment rate moved down to 7.1 per cent from 7.2 per cent. , according to Winnipeg Free Press. Meanwhile, traders also took in a stronger-than expected read on American employment last month. TORONTO - The Canadian dollar closed higher Friday amid a strong jobs report for May. Economists had expected job creation somewhere in the neighbourhood of 15,000 last month. (www.immigrantscanada.com). As reported in the news.