Canadian dollar steadies after strong jobs data

The Canadian dollar held steadily against most of its peers on Friday following the release of strong jobs data.

The Canadian employment change reading for March showed that the economy has added 303.1K new jobs, beating forecasts of 101.5K jobs.

Canada's unemployment rate reading fell to 7.5%, beating forecasts of 8%, and better than the previous reading of 8.2%. 

The International Monetary Fund raised its projections for the global GDP to grow by 6% in 2021.

Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.

As of 15:21 GMT, CAD/USD rose less than 0.1% to 0.7964, after hitting a high of 0.7975, and a low of 0.7929.