By Commodity News Service Canada
Winnipeg, August 4, 2017 (CNS Canada) – The Canadian dollar softened against its US counterpart on Friday morning, pressured by losses in gold and natural gas.
Canada’s trade deficit widened in the month of June, compared to the month previous. Exports declined due to fewer shipments of metals and energy. In June, exports fell by a hefty 4.3% to C$46.51 billion.
However, the country added a net 10,900 jobs in July, which met market expectations. On a year-over-year basis, Canadian employment increased 387,600, or 2.1%. The country’s unemployment rate dropped to its lowest point since October of 2008.
At 9:15 CDT Friday morning the Canadian dollar was at US$0.7927 or C$1.2615 which compares with Thursday’s North American close of US$0.7950 or C$1.2578.
At 9:15 CDT Friday morning, the TSX was up 29.57 points, or 0.19%, at 15,221.53.
