By Commodity News Service Canada
Winnipeg, August 10 (CNS Canada) – The Canadian dollar was
trending lower against its U.S. counterpart Friday morning.
The loonie dipped amid international trade tensions. The Saudi
Arabian dispute with Canada over the Middle Eastern country’s
handling of women’s rights issues is threatening to add to the
uncertainty in global trade. China’s decision to impose tariffs on
UC$60 billion worth of exports from the United States is the latest
salvo between those two countries.
The loonie did take strength from a new labour report that showed
the Canadian economy added a net 54,100 jobs in July, compared to
the previous month.
At 9:05 CDT Friday morning the Canadian dollar was at US$0.7641
or C$1.3087, which compares with Thursday’s North American close of
US$0.7669 or C$1.3040.
At 9:05 CDT Friday morning, the TSX was up 101.90 points, or
0.62%, at 16,416.98.
