By Commodity News Service Canada
Winnipeg, MB, 2014 – The Canadian dollar was slightly higher against its US counterpart at midday Friday, amid mixed employment news.
Job creation numbers for Canada showed 25,800 jobs were created in May. However, Statistics Canada said many of those jobs were part-time while the unemployment rates inched up from 6.9% to 7%.
The US meantime, managed to crank out 217,000 jobs in May, in line with expectations.
July copper dropped five cents to US$3.04 a pound, which was bearish.
The July crude oil contract rose 42 cents to US$102.90 a barrel.
At 11:40 CDT Friday, the Canadian dollar was trading at US$0.9145 or US$1.0935, which compares with Thursday’s North American close of US$0.9150, or US$=$1.0929.
At 11:40 CDT Friday, the Toronto Stock Exchange was down 8.89 points to sit at 14,702.29.
