Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, Sep. 7 (CNS Canada) The Canadian dollar was slightly firmer Friday morning, although disappointing jobs data tempered the advances.
At 9:10 CDT Friday morning the Canadian dollar was at US$0.7601 or C$1.3156 which compares with Thursday’s North American close of US$0.7583 or C$1.3188.
Canadian employment was down by 52,000 jobs in August, as losses in part-time jobs more than countered a small increase in full-time employment, according to a report from Statistics Canada. However, on an annual basis employment increased by 0.9 per cent, or 172,000 jobs.
Ongoing NAFTA negotiations kept some caution in the currency market, as the United States is a major trade partner for Canada.
The TSX was weaker at 9:10 CDT, down 68.96 points at 16,031.98.


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