Canada’s dollar decrease  as a government report showing the nation’s economy lost more jobs in July than economists forecast outweighed gains in stocks and a report showing U.S. employment losses slowed.

“The Canadian employment data was a big hit” on Canada’s currency, said Sacha Tihanyi, a currency strategist in Toronto at Scotia Capital, a unit of the nation’s 3nd largest bank. “It makes Canada look even worse, considering how well  or how much less bad  the U.S. numbers were.”

The loonie, as the currency is epithed , depreciated 0.4 /cent to C$1.0824 per U.S. dollar at 4:22 p.m. in Toronto, from C$1.0777 yesterday, and weakened 0.4 /cent for the week in its first five-day loss in almost a month.

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