By Commodity News Service Canada
Winnipeg, July 6 (CNS Canada) – The Canadian dollar was little
changed against its U.S. counterpart Friday morning.
The loonie took strength from a domestic labour report that
showed the country gained more jobs than expected. Canada added
31,800 jobs in June, which compares to analysts’ estimates of just
20,000.
At the same time, the country’s trade deficit widened, which
put pressure on the loonie. The country posted a deficit of C$2.77
billion. Most analysts expected it to be just C$2.2 billion.
At 8:40 CDT Friday morning the Canadian dollar was at US$0.7616
or C$1.3129, which compares with Thursday’s North American close of
US$0.7617 or C$1.3129.
At 8:40 CDT Friday morning, the TSX was down 38.11 points, or
0.60%, at 16,277.73.
