Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, December 2 – The Canadian dollar was higher compared to its US counterpart Friday morning, following the rally in crude oil while also taking strength from advancing gold prices.

At 8:50 CST, the loonie was up 0.0022 of a cent to US$0.7528 or US$1=C$1.3284.

At 8:50 CST Friday morning, the TSX was down 55.32 points, or 0.37%, at 15,027.53.

According to Statistics Canada, the Canadian economy added 10,700 jobs in November. The jobless rate fell to 6.8 percent.

Bombardier has reportedly reached a deal with Tanzania for new aircraft.