Canadian Forex Midday: C$ weaker

By Commodity News Service Canada

Winnipeg, August 2 – The Canadian dollar was weaker against its US
counterpart at midday Friday, undermined by speculation that the weak
US jobs report released today won’t delay the US Federal Reserve’s plan
of slowing monetary stimulus, market watchers said.
According to the US Department of Labour, the US economy created
162,000 jobs last month, which is down from the roughly 185,000 jobs
that economists had originally forecast. However, the unemployment rate
dropped from 7.6% in June to 7.4% in July.
At 11:40 CDT Friday, the Canadian dollar was trading at US$0.9628
or US$1.0386, which compares with Thursday’s North American close of
US$0.9664, or US$=$1.0348.
Losses in commodities, including gold, crude oil and copper, added
the loonie’s bearish tone.
At 11:40 CDT Friday, the Toronto Stock Exchange was up 16.43
points to sit at 12,610.39.