By Commodity News Service Canada
Winnipeg, October 1 – The Canadian dollar has slightly lower Wednesday morning, as the US government released an employment report that was in line with expectations.
Payroll firm ADP reported that the US private sector created 213,000 jobs last month. Canada won’t release its own job numbers until October 10.
The loonie also capped off a rough September that saw its value plunge to six-month lows. The reason was largely credited to steadily improving American economic data, according to a report.
Oil and metal prices have also pressured the loonie, an analyst said.
On the commodity markets, the November crude oil contract rose 49 cents to US$91.65 a barrel. December copper gained cents to US$3.04 a pound. December bullion fell $2.50 to US$1,211.80 an ounce.
At 8:45 CDT Wednesday, the Canadian dollar was at US$0.8933 or US$=C$1.1194 which compares with Tuesday’s North American close of US $0.8929, or US$=C$1.1200.
The TSX was down 16.41 points Wednesday morning at 8:45 CDT, to sit at 14,960.51.
