CANADA FX-C$ sinks to session low after U.S. jobless claims

TORONTO, April 4 Thu Apr 4, 2013 8:47am EDT

TORONTO, April 4 (Reuters) - The Canadian dollar weakened to a session low after U.S. jobless claims rose to the highest level in four months last week, suggesting the U.S. labor market recovery lost some steam.

The higher-than-expected number of new claims for unemployment benefits pushed the Canadian dollar to C$1.0160 to the U.S. dollar, or 98.43 U.S. cents, down from Wednesday's North American session close at C$1.0145 to the greenback, or 98.57 U.S. cents.

FILED UNDER: