Bank of Canada

Bank of Canada: The loonie was up a third of a cent to 93.98 cents US as the greenback lost value against a variety of currencies, according to Times Colonist. Traders looked to Friday and the release of the latest employment report for Canada, where economists expect about 7,500 jobs were created in November and TORONTO - The Canadian dollar closed higher Thursday amid a string of solid U.S. economic news this week and rising oil prices. The Canadian currency had sunk a quarter of a cent Wednesday to its lowest level since May 2010 after the Bank of Canada left rates unchanged and left markets with the impression that rate hikes were still a long way off. (www.immigrantscanada.com). As reported in the news.