By MarketsFarm
WINNIPEG, Oct. 9 (MarketsFarm) – The Canadian dollar was stronger Friday morning, supported by solid employment data.
At 8:48 CDT Friday morning the Canadian dollar was at US$0.7610 or C$1.3141 which was down from Thursday’s North American close of US$0.7564 or C$1.3220.
Canada saw 378,000 new jobs added in September, taking total employment to only 720,000 jobs (3.7 per cent) below the pre-COVID level in February, according to a report from Statistics Canada. The unemployment rate declined to 9.0 per cent, down 1.2 points from the previous month.
Flash estimates for the country’s Industrial Product Price Index showed a flat reading in September, after rising 0.3 per cent the previous month.
West Texas Intermediate was down slightly in early trade, losing 18 cents at US$41.01 per barrel.
The TSX was up by 32.38 points at 8:48 CDT to trade at 16,566.92 points.
