By MarketsFarm
WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, as the country’s unemployment rate edged higher.
At 8:58 a.m. CDT Friday morning the Canadian dollar was at US$0.7489 or US$1=C$1.3205, which compares with Thursday’s close of US$0.7490 or US$1=C$1.3351.
Canada’s unemployment rate increased 0.1 percentage point in July, hitting 5.5 per cent, according to a report from Statistics Canada. That marked the third consecutive monthly increase.
Crude oil was firmer, with West Texas Intermediate up by 0.55 per cent at US$82.00 per barrel.
The TSX was stronger, gaining 110.52 points at 8:58 CDT, trading at 20,231.26 points.
