The U.S. dollar erased gains against its Canadian counterpart on Friday, as the release of strong Canadian jobs data lent support to the loonie and as concerns raised by the Federal Reserve this week weighed on the greenback. USD/CAD pulled away from 1.1222, the pair’s highest since October 6, to hit 1.1165 during European afternoon trade, edging down 0.15%. The pair was likely to find support at 1.1077, Thursday’s low and resistance at 1.1266, the high of October 6. In a report, Statistics Canada said that the number of employed people rose by 74,1000 in September, blowing past expectations for an increase of 20,000, after a 11,000 decline the previous month. The report also showed that Canada’s unemployment rate fell to 6.8% last month from 7.0% in August. Analysts had expected the unemployment rate to remain unchanged in September. Demand for the safe-haven greenback strengthened earlier as worries over the health of the global economy persisted after the International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday and warned that the recovery remains weak and uneven. But the U.S. dollar’s gains were expected to remain limited as the minutes of the Federal Reserve’s September 16-17 policy meeting suggested that the bank is in no hurry to raise interest rates and raised concerns over the dollar’s strength. The loonie was higher against the euro, with EUR/CAD retreating 0.82% to 1.4108. The euro was hit by concerns over a recession in Germany after two local officials reportedly said that Europe’s largest economy would cut its growth forecasts for 2014 and 2015 next week. The news followed data on Thursday’s showing that exports in Europe’s largest economy fell in August by the most since January 2009.