By MarketsFarm
WINNIPEG, Oct. 8 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as strength in crude oil and solid jobs data provided support.
At 8:50 a.m. CDT Friday morning, the Canadian dollar was at US$0.7990 or US$1=C$1.2516 which compares with Thursday’s North American close of US$0.7963 or US$1=C$1.2558.
Canada’s economy added 157,000 jobs in September, according to a report from Statistics Canada, taking the unemployment rate down to an 18-month low of 6.9 per cent. The number of new jobs was roughly three times as large as pre-report expectations.
West Texas Intermediate was up 1.6 per cent at US$79.56 per barrel.
The TSX was stronger, up 55.69 points at 8:50 CDT, trading at 20,471.90 points.
