By Commodity News Service Canada
WINNIPEG, MB, Oct. 5, 2018 (CNS Canada) – The Canadian
dollar was slightly weaker Friday morning, despite positive new
employment data from Statistics Canada.
At 8:49 CDT Friday morning the Canadian dollar was at
US$0.7738 or C$1.2919, which compares with Thursday’s North
American close of US$0.7752 or C$1.2900.
Canada’s economy recorded its best monthly job numbers for
the year in September, according to data released by Statistics
Canada this morning. Employment rose by 63,300 jobs in September,
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more than 80,000 jobs gained in part-work, with full-time
employment down by 16,900 jobs.
Oil prices steadied just below four-year highs Friday as
world fuel markets tightened ahead of a new round of United
States sanctions against Iranian oil exports to be imposed in
November. Brent crude prices lost 5 U.S. cents to US$84.53 per
barrel. U.S. light crude gained 25 U.S. cents to US$74.58 per
barrel.
Gold prices were holding steady in a narrow range on Friday
morning. Spot gold rose 0.2 per cent to US$1,202.16 per ounce,
while U.S. gold futures added 0.4 per cent to US$1,205.70 per
ounce.
The Toronto TSX/S&P Composite Index opened lower Friday, as
TSX/S&P fell 29.73 points, or 0.19 percent, to 15,976.94.
