By Commodity News Service Canada
WINNIPEG, MB, Nov. 2, 2018 (CNS Canada) – The Canadian dollar lower Friday morning, despite robust jobs data from Statistics Canada being released.
At 8:48 CDT Friday morning the Canadian dollar was at US$0.7630 or C$1.3095, which compares with Thursday’s North American close of US$0.7641 or C$1.3088.
The latest data from Statistics Canada released this morning said that the Canadian economy added 11,200 jobs in October, with the unemployment rate dropping 0.1 per cent to 5.8 per cent.
Oil prices steadied Friday morning as the markets braced for the impact of United States sanctions against Iran. Brent crude prices rose five U.S. cents to US$72.49 per barrel. United States light crude fell 25 U.S. cents to US$63.44 per barrel.
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Gold prices rose slightly Friday morning as the U.S. dollar weakened ahead of an expected thaw in relations between the U.S. and China. Spot gold gained 0.2 per cent to US$1,235.53 per ounce, while U.S. gold futures were down 0.1 per cent to US$1,237.30 per ounce.
The Toronto TSX/S&P Composite Index was higher Friday morning shortly after open, supported by renewed hope of talks between China and the U.S. The TSX/S&P gained 62.05 points, or 0.41 percent, to 15,212.20.
