Canadian Forex Midday: C$ strengthens

By Commodity News Service Canada

Winnipeg, October 11 – The Canadian dollar was stronger against
its US counterpart at midday Friday, underpinned by better-than-
expected Canadian employment news, industry watchers said.
Statistics Canada reported that the economy created 11,900 jobs in
September, which was slightly better than the 10,000 job increase
economists’ expected. Canada’s unemployment also dropped to 6.9% during
the month, down 0.2% from August.
However, losses seen in commodities, including crude oil and
gold, halted any further advances.
At 11:34 CDT Friday, the Canadian dollar was trading at US$0.9626
or US$1.0388, which compares with Thursday’s North American close of
US$0.9619, or US$=$1.0396.
Canadian markets will be closed on Monday due to the Thanksgiving
holiday.
At 11:34 CDT Friday, the Toronto Stock Exchange was up 9.86 points
to sit at 12,904.27.