Canadian dollar and business outlook

WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar was lower on Friday, despite strong employment data from June.

     At 8:45 CDT Friday morning the Canadian dollar was at US$0.7362 or US$1=C$1.3558, which compares with Thursday’s North American close of US$0.7377 or US$1=C$1.3555.

According to a recent report from Statistic Canada, the Canadian economy added nearly one million jobs in June, as businesses re-opened and lockdown measures eased. Of the 953,000 jobs added, 488,000 were full-time and 465,000 were part-time.

The TSX was up by 69.61 points at 8:45 CDT to trade at 15,638.25 points.

Crude oil prices were steady to start day. West Texas Intermediate (WTI) was up three cents at US$39.65 per barrel. Brent Crude was down by two cents to trade at US$42.33.

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