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Loonie unchanged, trading quiet with U.S. closed for Independence Day

A Canadian dollar coin.

JONATHAN HAYWARD/THE CANADIAN PRESS

The Canadian dollar was flat late morning Friday in a quiet session with U.S. markets closed for the Independence Day holiday.

The loonie was down from the highs of the morning, unchanged at 93.99 cents US.

The gain followed a rise of 0.24 of a cent on Thursday in the wake of a much stronger than expected U.S. employment report for June and other data showing Canada's trade deficit with the world narrowed during May.

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The employment data increased optimism that the American economy will rebound significantly after severe winter weather pushed the economy into contraction in the first quarter.

Canadian jobs data for June will be released July 11.

Commodity prices were mixed in electronic trading on the New York Mercantile Exchange with August crude 35 cents lower to US$103.71 a barrel.

August bullion was up 60 cents to US$1,321.20 an ounce, while September copper was down a cent at US$3.27 a pound.

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