Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, August 2 – The Canadian dollar opened weaker against its
US counterpart on Friday, undermined by positive US jobs data, market
watchers said.
According to the US Department of Labour, the US economy created
162,000 jobs in July, which was slightly below what economists had
predicted. However, the jobless rate fell to 7.4% in July, from 7.6% in
June.
At 8:31 CDT Friday, the Canadian dollar was at US$0.9639 or
US$=C$1.0374 which compares with Thursday’s North American close of
US$0.9664, or US$=C$1.0348.
Losses in commodities, including gold and crude oil, added to the
loonie’s weakness
The TSX was up 7.24 points Friday morning at 8:31 CDT, to sit at
12,601.20.