u.s: The Canadian dollar traded at an average of 77.30 cents U.S. down from an average of 77.52 cents U.S. on Thursday but up five cents on the week, according to The Toronto Star. Paul Chiasson / THE CANADIAN PRESS While we are seeing ongoing healthy macroeconomic indicators, there's pressure on the stocks because of lofty valuations, coupled with potentially weaker than expected margin profiles, he said in an interview. The fast pace of the rise in U.S. government bond yields is pressuring the most expensive stocks signalling that prices matter once again, says Cavan Yie, a portfolio manager at Manulife Asset Management. The jobs reports issued Friday showed good topline numbers. And the U.S. unemployment rate fell in September to 3.7 per cent, the lowest since 1969. Canada's job market gained 63,000 positions in September, pushing the unemployment rate lower to 5.9 per cent.
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