the Federal Reserve

the Federal Reserve: The U.S. Labor Department reported that the economy created 162,000 jobs during July, less than the 183,000 that markets had expected. However, the jobless rate ticked down to 7.4 per cent from 7.6 per cent, according to 660 News. The jobs data raised questions about when the Federal Reserve can let up on a key stimulus measure, its monthly US$85 billion of bond purchases and TORONTO The Canadian dollar closed lower Friday as U.S. job creation figures came in worse than expected. The Canadian dollar was down 0.39 of a cent at 96.25 cents US after going as low as 96.14 cents US. The loonie had lost almost 3/4 of a cent Thursday amid a strong reading on the U.S. manufacturing sector. (www.immigrantscanada.com). As reported in the news.