* Canadian dollar falls 0.6% against the greenback
* Touches its weakest since May 8 at 1.3758
* Canada’s jobless rate rises to 6.2%
* Canada-U.S. 10-year spread widens to 95.4 basis points
TORONTO, June 7 (Reuters) – The Canadian dollar fell to
a near one-month low against its U.S. counterpart on Friday as
stronger-than-expected U.S. jobs data boosted the greenback,
while a domestic jobs report gave mixed signals on prospects of
further Bank of Canada rate cuts.
The loonie was trading 0.6% lower at 1.3750 to the
U.S. dollar, or 72.73 U.S. cents, after touching its weakest
since May 8 at 1.3758.
“We’ve seen U.S. yields spike, the (U.S.) dollar spike and
CAD is just on the wrong end of all that,” said Erik Bregar,
director, FX & precious metals risk management at Silver Gold
Bull.
“I think the (U.S. non-farm payrolls) report is full of
holes but the market wasn’t positioned correctly for the…
