By MarketsFarm
WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was softer Friday morning, as monthly employment data showed little change.
At 8:33 a.m. CST Friday morning the Canadian dollar was at US$0.7432 or US$1=C$1.3455, which compares with Thursday’s close of US$0.7444 or US$1=C$1.3433.
Canada’s economy added 10,000 jobs in November, after an increase of 108,000 the previous month, according to a report from Statistics Canada. The unemployment rate dipped to 5.1 per cent, from 5.2 per cent in October.
The relatively stable jobs report was seen as supporting expectations that the Bank of Canada would only increase interest rates by 25 points, instead of making a larger move when they make their rate decision next Wednesday.
Crude oil was slightly softer in early trade. West Texas Intermediate was down by 0.2 per cent at US$81.04 per barrel.
The TSX was down by 149.62 points at 8:33 CST, trading at 20,375.83 points.
