By MarketsFarm
WINNIPEG, Sep. 9 (MarketsFarm) – The Canadian dollar was stronger Friday morning, as support from gains in crude oil countered soft domestic jobs data.
At 8:39 a.m. CDT Friday morning the Canadian dollar was at US$0.7680 or US$1=C$1.3021, which compares with Thursday’s close of US$0.7620 or US$1=C$1.3116.
Canada’s rate of unemployment grew by 0.5 percentage points in August to 5.4 per cent, as 40,000 jobs were lost, according to a report from Statistics Canada.
Crude oil remained supported by concerns Russia may restrict oil and gas exports, although uncertainty over Chinese demand tempered the upside. West Texas Intermediate was up by 1.78 per cent at US$83.40 per barrel.
The TSX was up by 198.83 points at 8:39 CDT, trading at 19,611.83 points.
