By Commodity News Service Canada
WINNIPEG, July 10 – The Canadian dollar weakened against its
US counterpart Friday morning following early gains after data on
Canada’s employment rate came back better than analyst expectations,
but lost ground as energy prices fell.
At 8:55 a.m. CDT the Canadian dollar was at US$0.7847 or C$1.2744
which compares with Thursday’s North American close of US$0.7870,
or C$1.2707.
Employment was near unchanged in June as gains in full-time work
were offset by losses in part time. The unemployment rate held steady
at 6.8 per cent for the fifth consecutive month, Statistics Canada
said in a report on Friday.
According to StatsCan, employment grew 0.4 per cent in the first
quarter of 2015, and 0.2 per cent in the second quarter.
The TSX was stronger in early activity, up 115.11 points at 8:55
a.m. CDT to sit at 14,393.60.
