By MarketsFarm
WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar was firmer Friday morning as investors adjusted positions ahead of the weekend.
At 8:42 a.m. CDT Friday morning the Canadian dollar was at US$0.7497 or US$1=C$1.3339, which compares with Thursday’s close of US$0.7486 or US$1=C$1.3358.
Canada’s unemployment rate edged higher for the first time in nine months, hitting 5.2 per cent in May from 5.0 per cent the previous month, according to a report from Statistics Canada. The country’s economy lost 17,000 jobs during the month.
Crude oil was posting small losses, with West Texas Intermediate down by 0.27 per cent at US$72.10 per barrel.
The TSX was weaker, down 34.25 points at 8:42 CDT, trading at 19,911.56 points.
