By Mary Childs May 7 (Bloomberg) -- Canada’s dollar increased from near a three-month low after a report showed employers added more jobs in April than economists forecast. “Better-than-expected jobs numbers in Canada should contribute to some offers in dollar Canada,” Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto, said before the report. The loonie, as the currency is known for the image of the aquatic bird on the C$1 coin, fell yesterday the most since June 2009 as stocks and commodities tumbled on concern European policy makers aren’t doing enough to contain budget turmoil. The Canadian currency appreciated 1.6 percent to C$1.0357 per U.S. dollar at 7:02 a.m. in Toronto, from C$1.0526 yesterday. The Bank of Canada signaled last month that it may be the first among the Group of Seven nations to increase borrowing costs as economic growth accelerates and stokes inflation. In its decision to leave the lending rate at a record low 0.25 percent, policy makers dropped a phrase in its statement on a “conditional commitment” to keep the rate unchanged until July unless the inflation outlook shifted. The next policy announcement is due June 1. Equities and commodities plunged yesterday on concern Greece’s fiscal crisis will also drag down Spain and Portugal. The selloff worsened after European Central Bank President Jean- Claude Trichet signaled no immediate steps to stem the turmoil. --Editors: Dennis Fitzgerald To contact the reporter on this story: Mary Childs in New York at mchilds5@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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