By Commodity News Service Canada
Winnipeg, August 9 – The Canadian dollar was stronger against its
US counterpart at midday Friday, underpinned by gains in commodities,
including crude oil, gold and copper, market watchers said.
However, gains were limited by a Statistics Canada report released
on Friday showing Canadian jobs declined during July. According to the
report, the Canadian economy lost 39,400 jobs during the month, and the
unemployment rate moved up 0.1% to 7.2%.
Economists had originally forecasted a growth of 10,000 jobs in
July.
At 11:41 CDT Friday, the Canadian dollar was trading at US$0.9718
or US$1.0290, which compares with Thursday’s North American close of
US$0.9664, or US$=$1.0324.
At 11:41 CDT Friday, the Toronto Stock Exchange was down 11.95
points to sit at 12,540.97.
