© Reuters. Greenback rises sharply against loonie, U.S. data supports Investing.com – The U.S. dollar rallied over 1% against its Canadian counterpart on Thursday, after data showed that U.S. jobless claims data rose less-than-expected last week and as the greenback continued to recover from Wednesday’s broad selloff. USD/CAD hit 1.2732 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2715, jumping 1.21%. The pair was likely to find support at 1.2474, Wednesday’s low and resistance at 1.2835, Wednesda’s high and a six-year peak. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending March 14 increased by 1,000 to 91,000 from the previous week’s total of 290,000. Analysts had expected initial jobless claims to rise by 2,000 to 292,000 last week. A separate report showed that the U.S. current account deficit widened to $113.5 billion in the fourth quarter from $9...