* Loonie trades in a range of 1.3288 to 1.3398
* Canada’s economy adds barely any jobs in December
* Wage growth accelerates
* Canada-U.S. 2-year spread narrows by 2.2 basis points
TORONTO, Jan 5 (Reuters) – The Canadian dollar was
little changed against its U.S. counterpart on Friday in seesaw
trading as investors largely stuck with bets for central bank
rate cuts over the coming months as they assessed mixed U.S. and
Canadian jobs data.
The loonie was trading nearly unchanged at 1.3345 to
the greenback, or 74.93 U.S. cents.
It touched its weakest level since Dec. 19 at 1.3398 shortly
after the data was released before rebounding to its strongest
of the day at 1.3288, as the U.S. dollar gyrated against
a basket of major currencies.
“If you dig deeper it’s not such a crazy good (U.S.
jobs)report as the initial headline suggests,” said Erik Bregar,
director, FX & precious metals risk management…
