By MarketsFarm
WINNIPEG, Oct. 6 (MarketsFarm) – The Canadian dollar was firmer Friday morning, as currency traders reacted to updated North American jobs data.
At 8:55 a.m. CDT Friday morning the Canadian dollar was at US$0.7287 or US$1=C$1.3723, which compares with Thursday’s close of US$0.7282 or US$1=C$1.3733.
Canada added 64,000 jobs in September, with the country’s unemployment rate unchanged at 5.5 per cent, according to a report from Statistics Canada. Meanwhile, there were 336,000 new jobs in the U.S. during the month, according to the Labor Department, which far surpassed expectations. The U.S. unemployment rate was steady at 3.8 per cent.
Crude oil prices were holding relatively steady, seeing some consolidation after dropping sharply earlier in the week. West Texas Intermediate was down by only two cents at US$82.29 per barrel.
The TSX was weaker, down by 127.55 points at 8:55 CDT, trading at 19,010.26 points.
