The Canadian dollar strengthened against its US counterpart on Friday, as bets for an interest rate cut by the Bank of Canada this year were slashed after domestic data showed a spike in jobs that surprised investors. The Bank of Canada's benchmark interest rate is at 1.75 percent.
At 4:04 p.m. (2104 GMT), the Canadian dollar was trading 0.4 percent higher at 1.3405 to the greenback, or 74.60 US cents. The currency, which touched its weakest in more than two months at 1.3467 on Thursday, traded in a range of 1.3391 to 1.3466. For the week, the loonie fell 0.8 percent. Canadian government bond prices were mixed across a flatter yield curve, with the two-year price down 5 Canadian cents to yield 1.651 percent.
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