Canadian Financial Close: C$ steady to end week

Glacier FarmMedia | MarketsFarm — The Canadian dollar held steady on Friday, while the TSX hit a record high.

The Canadian dollar settled at US$0.7267 or US$1=C$1.3761 on Friday, which compares with Thursday’s close of US$0.7271 or US$1=C$1.3754.

Canada added 47,000 jobs in September, with the unemployment rate dipping by 0.1 points at 6.5 per cent, according to a report from Statistics Canada.

The value of building permits issued in Canada in August was down by 7.0 per cent compared to the previous month, coming in at C$11.5 billion, according to a separate StatCan report.

Crude oil was slightly softer, with West Texas crude oil down by 0.13 per cent at US$75.75 per barrel.

The TSX Composite Index hit a new record high, up by 168.91 points to close at 24,471.17 points.