By Commodity News Service Canada
Winnipeg, May 11 (CNS Canada) – The Canadian dollar ticked
higher against its U.S. counterpart Friday morning, on new data that
showed Canada’s unemployment rate was holding steady.
The rate is locked at 5.8 per cent, which is the lowest level
since October, 2007.
Advances in gold bullion were supportive for the
commodity-linked loonie. The price for an ounce of gold (June
contract) was up slightly to US$1,323.20 an ounce.
At 9:08 CDT Friday morning the Canadian dollar was at US$0.7835
or C$1.2763 which compares with Thursday’s North American close of
US$0.7828 or C$1.2775.
At 9:08 CDT Friday morning, the TSX was up 38.67 points, or
0.24%, at 15,998.17.
