By MarketsFarm
WINNIPEG, March 8 (MarketsFarm) The Canadian dollar was holding relatively steady Friday morning, as solid domestic jobs data provided support.
At 8:47 CST Friday morning the Canadian dollar was at US$0.7449 or C$1.3425 which compares with Thursday’s North American close of US$0.7442 or C$1.3438.
Canada’s economy created 56,000 new jobs in February, with growth in full-time employment behind much of the increase, according to the latest data from Statistics Canada. The unemployment rate held steady at 5.8 per cent.
After adding 66,800 jobs in January, the two months of gains was the best start to a calendar year since 1981.
Crude oil was weaker in early activity, putting some pressure on the energy-linked currency.
The TSX was weaker Friday morning, down 117.52 points at 8:47 CST to sit at 15,938.99.
