Loonie spikes full cent

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The Canadian dollar spiked almost a full cent Friday amid mixed jobs data released in Canada and the United States.

The loonie jumped 0.89 cents to 96.07 cents US as the loonie found some support from Statistics Canada data showing that the economy created 59,000 jobs last month. That exceeded expectations of about 20,000 positions but the growth was mainly for part-time employment.

The unemployment rate fell to 7.1 per cent in August from 7.2 per cent in July.