By Commodity News Service Canada.
Winnipeg, September 24 – The Canadian dollar was lower relative to its US counterpart at midday Thursday, as concerns about the sluggish pace of global economic growth kept some traders searching for safe havens.
The Canadian dollar was at US$0.7494 or US$1 = C$1.3344 at 11:45 CDT Thursday.
Both crude oil and gold chalked up some modest gains.
The average weekly earnings of non-farm payroll employees in Canada jumped 1.6% in July, compared to a year earlier. The weekly earnings averaged C$957.
On the commodity markets the November crude contract in New York rose US$0.33 to US$44.81 a barrel. The December gold contract rose US$20.50 to US$1,152.00 an ounce.
At 11:45 CDT Thursday, the Toronto Stock Exchange was down 81.54 points to 13,302.15.
