Canadian dollar and business outlook
By MarketsFarm
WINNIPEG, Jan. 8 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, as conflicting outside influences pulled on the currency.
At 9:36 CST Friday morning the Canadian dollar was at US$0.7874 or C$1.2700 which compares with Thursday’s North American close of US$0.7870 or C$1.2707.
Gains in crude oil provided some spillover support for the energy-linked currency. West Texas Intermediate up by 1.5 per cent in early activity, at US$51.57 per barrel.
However, soft jobs data put some pressure on the other side, with the country losing 63,000 jobs in December, according to a report from Statistics Canada.
The TSX was down by 11.86 points at 9:36 CST to trade at 18,015.71 points.
