The jobs report, which also revealed that youth unemployment reached almost a decade high barring the pandemic years, prompted the money markets to increase bets of a rate cut by the Bank of Canada this month to around 56 percent from 40 percent.

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The Canadian dollar, which was largely unchanged in early trade, weakened 0.25 percent to 1.3647 against the US dollar, or 73.28 U.S. cents, at 1352 GMT.