By Commodity News Service Canada
Winnipeg, December 7 – The Canadian dollar was trading at a
firmer level versus its US counterpart at midday Friday,
supported by strong employment data from both the US and
Canada, traders said.
Statistics Canada reported 59,000 new jobs were added to the
Canadian economy in November, beating expectations of 10,000
new jobs. The unemployment also dropped 0.2 percentage points
In the US, 146,000 new jobs were created in November, the US
Department of Labour said, which beat expectations of 80,000
However declining commodity prices, including crude oil and
gold, helped to limit the Canadian dollar’s upside potential,
At 11:40 CST Friday, the Canadian dollar was trading at
US$1.0110 US$1=C$0.9891, which compares with Thursday’s North
American close of US$1.0090, or US$=C$0.9911.
The Toronto Stock Exchange was up 5.69 points, or 0.05%, at
11:40 CST Friday, to sit at 12,156.82.