By MarketsFarm
WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar continued on its upward surge Friday morning, as its United States counterpart dropped back.
As of 8:33 am CDT, the loonie was at US$0.7309 or C$1.3687, compared to Thursday’s close of US$0.7258 or US$1=C$1.3778. On the U.S. Dollar Index, the greenback fell 0.822 of a point at 105.155.
Benchmark crude oil prices were modestly higher on Friday morning, as tensions over the Israeli-Gaza war edged out larger U.S. stockpiles and China’s struggling economy.
Brent crude oil tacked on 29 cents at US$87.14 per barrel, and West Texas Intermediate added 37 cents at US$82.83, while Western Canadian Select jumped US$2.06 at US$57.00.
Statistics Canada reported the country’s unemployment rate bumped up to 5.7 per cent in October despite 17,500 jobs being added.
Shortly after Friday’s open the TSX/S&P Composite Index gained 95.16 points at 19,721.50.
Gold advanced US$11.40 at US$2,004.90 per ounce.
A reminder for people in those provinces using daylight time, the change back to standard is Sunday at 2 am local.
