By Commodity News Service Canada
Winnipeg, July 7 – The Canadian dollar was higher against its US counterpart on Friday morning, as Canada’s employment rate rose for the second straight month.
The country’s economy chalked up a net gain of 45,300 jobs in June. This was the fastest annual increase in job growth in over four years.
The news was also positive south of the border as US employers added 222,000 jobs to their payrolls.
However, losses in crude oil, gold bullion and copper prices limited the loonie’s advances.
At 8:55 CDT Friday morning the Canadian dollar was at US$0.7753 or C$1.2898 which compares with Thursday’s North American close of US$0.7724 or C$1.2946.
At 8:55 CDT Friday morning, the TSX was down 93.65 points, or 0.62%, at 14,984.35.
