Canadian Forex Midday: C$ lower

By Commodity News Service Canada

Winnipeg, September 5 – The Canadian dollar was lower against its
US counterpart at midday Thursday, undermined by positive US employment
data, industry watchers said.
According to reports, US jobless claims during the week ended
August 31 decreased by 9,000 to a seasonally adjusted 323,000.
Further weakness came from an ADP release that said US businesses
created 176,000 jobs in August, which is on pace with the monthly
average for 2013, analysts said.
Losses seen in commodities, including copper and gold, added to
the loonie’s bearish tone.
At 11:28 CDT Thursday, the Canadian dollar was trading at
US$0.9518 or US$1.0506, which compares with Wednesday’s North American
close of US$0.9531, or US$=$1.0492.
Traders are looking ahead to Friday’s Canadian jobs report for
August. According to economists, it’s expected that the economy created
roughly 20,000 jobs during the month.
At 11:28 CDT Thursday, the Toronto Stock Exchange was up 60.73
points to sit at 12,818.54.