Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, October 11 – The Canadian dollar opened slightly
stronger against its US counterpart on Friday, underpinned by positive
Canadian employment data, industry watchers said.
According to Statistics Canada, 11,900 jobs were added in
September, which is higher than the 10,000 job increase that economists
had forecast. Canada’s unemployment rate dropped 0.2% to 6.9% during
the month.
However, losses seen in commodities, including gold, copper and
crude oil, limited the gains.
At 8:41 CDT Friday, the Canadian dollar was at US$0.9621 or
US$=C$1.0393 which compares with Thursday’s North American close of
US$0.9619, or US$=C$1.0396.
The TSX was up 29.64 points Friday morning at 8:41 CDT, to sit at
12,924.05.