By MarketsFarm
WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning.
At 8:49 a.m. CDT Thursday morning the Canadian dollar was at US$0.7603 or US$1=C$1.3153, which compares with Wednesday’s close of US$0.7593 or US$1=C$1.3170.
The number of Canadians receiving employment benefits increased by 2.5 per cent in May to hit 399,000, according to a report from Statistics Canada. That marked the first increase since July 2022. The country’s unemployment rate increased by 0.2 percentage points to 5.2 per cent.
Crude oil edged higher, with West Texas Intermediate up by 1.06 per cent at US$76.15 per barrel.
The TSX was softer, losing 10.18 points at 8:49 CDT, trading at 20,480.99 points.
