Canadian dollar and business outlook

The Canadian dollar was weaker Friday morning, as financial markets reacted to the latest jobs data out of the United States.

At 9:40 a.m. CDT the Canadian dollar was trading at US$0.7363 or US$1=C$1.3581, which compares with Thursday’s close of US$0.7386 or US$1=C$1.3540.

The U.S. economy added 254,000 jobs in September, far surpassing average trade guesses about 100,000 positions below that. The country’s unemployment rate slipped to 4.1 per cent, from 4.2 per cent in August.

Crude oil was stronger in early activity, with West Texas Intermediate crude oil up by 0.98 per cent at US$74.43 per barrel.

The TSX was stronger, rising by 90.43 points at 9:40 CDT to trade at 24,058.93.