By Commodity News Service Canada
WINNIPEG, Sept. 8 (CNS Canada) The Canadian dollar was stronger Friday morning, as the currency continued to find support from the Bank of Canada’s decision to raise interest rates earlier in the week.
At 9:02 CDT Friday morning the Canadian dollar was at US$0.8256 or C$1.2112 which compares with Thursday’s North American close of US$0.8232 or C$1.2148.
Markets are on edge as Hurricane Irma bears down on the Carribean and heads towards Florida.
Canada’s unemployment rate declined 0.1 points, to 6.2 per cent in August, according to the latest data from Statistics Canada. That marks the lowest unemployment rate since October 2008. About 22,000 new jobs were created during the month, with an increase of 110,000 part-time jobs countered by a loss of 88,000 full-time jobs.
The TSX was weaker at 9:02 CDT, down 28.85 points at 14,995.68.
