By Commodity News Service Canada
WINNIPEG, April 6 – The Canadian dollar was mostly unchanged against its US counterpart on Thursday.
Strength in the crude oil market underpinned the commodity-linked loonie, while strong domestic data supported the greenback.
Crude oil futures advanced in early activity on Thursday, supported by lower inventories of the commodity.
US jobless claims in the week ending April 1 dropped 25,000 to a seasonally adjusted 234,000, the biggest fall in close to two years.
At 9:05 CDT Thursday, the Canadian dollar was at US$0.7444 or US$=C$1.3434, which compares with Wednesday’s North American close of US$0.7448 or US$1=C$1.3427.
In Canadian domestic data, Canadian municipalities issued C$7.5 billion worth of building permits in February, down 2.5 per cent from January, Statistics Canada said in a report on Thursday.
The TSX was up 39.13 points at 9:05 CDT Thursday morning to sit at 15,682.12.
