Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 5 – The Canadian dollar opened slightly
stronger against its US counterpart on Thursday, as traders look ahead
to tomorrow’s August jobs report, market watchers said.
According to economists, the report is expected to show that the
Canadian economy created 20,000 jobs in August, after seeing declines
in the previous two months.
However, reports that US jobless claims decreased by 9,000 during
the week ended August 31 to a seasonally adjusted 323,000, stopped any
further advances.
At 8:35 CDT Thursday, the Canadian dollar was at US$0.9535 or
US$=C$1.0487 which compares with Wednesday’s North American close of
US$0.9531, or US$=C$1.0492.
Losses seen in commodities, including gold and copper, also
limited the loonie’s gains.
The TSX was up 17.08 points Thursday morning at 8:35 CDT, to sit
at 12,774.89.