By Commodity News Service Canada
WINNIPEG, June 18 – The Canadian dollar strengthened against
its US counterpart Thursday morning, as the the Fed said
Wednesday that interest rates increases could start later than
anticipated, as the US economy is not ready yet.
At 8:30 a.m. CDT the Canadian dollar was at US$0.8234 or C$1.2145
which compares with Wednesday’s North American close of US$0.8173,
or C$1.2236.
In Canadian data, Statistics Canada said Thursday that the
amount of people receiving jobless benefits in Alberta jumped 10.7
per cent in April.
In April 43,900 people in Alberta received jobless
benefits-increasing for the fourth consecutive month.
With the exception of Alberta, the amount of people receiving
employment insurance benefits stayed little changed across the
country in April, according to Stats Can.
The TSX was weaker in early activity, down 20.07 points at 8:30
a.m. CDT to sit at 14,732.98.
