WINNIPEG – The Canadian dollar moved above 80 United States cents on Friday morning after some good news from Statistics Canada.
As of 8:37 a.m. CDT, the loonie was at US$0.8004 or US$1=C$1.2494, compared to US$0.7974 or US$1=C$1.2540 when markets closed on Thursday. Statistics Canada revealed on Friday morning that 230,700 jobs, mostly part-time in the retail and food sectors, were added in the month of June.
Crude oil continued its roller-coaster ride of a week. Brent crude rose US$0.92 per barrel to US$75.04. West Texas Intermediate (WTI) jumped US$1.04 to US$73.98/barrel. Western Canadian Select (WCS) increased US$0.48 to US$60.60/barrel.
The TSX/S&P Composite Index gained 80.99 points to 20,142.20.
Gold held mostly steady, losing six cents U.S. per ounce to US$1,802.78.
