Canadian dollar went down on forex trades even before the job report due tomorrow, as employment rates are expected to show negative results.

Canadian dollar, nicknamed the loonie, went down 0.6 percent to C$1.0766 per U.S. Dollar in afternoon trades in Toronto from a C$1.0705 in previous sessions. Just two days ago the currency had reached its strongest point since October 2nd last year.

Standard & poor´s 500 Index dropped 0.6 percent. Crude oil ended at $72.16 a barrel on New York Mercantile Exchange.

Canadian employers cut 15,000 jobs in July, after 7,400 new positions were eliminated in June. Unemployment rate increased to 8.8 percent.

Reuters reported that "U.S. gold futures ended lower on Thursday as a rising dollar prompted bullion investors to lock in profits, erasing initial gains based on inflation worries stoked by quantitative easing measures by central banks."

The market is expecting data released by the U.S. Labor Department tomorrow at 8:30 a.m.