By Commodity News Service Canada
Winnipeg, November 6 – The Canadian dollar was lower against its US
counterpart Thursday morning, as speculation mounted that Canada lost
8,000 jobs last month.
Investors are waiting for the official numbers to come out tomorrow. In
the US, the economy is expected to have created 228,000 jobs.
The US Federal Reserve’s program of quantitative easing has also come
to an end while the Republicans have regained control of Congress for
the first time in eight years.
On the commodity markets, December bullion fell $1.20 to US$1,144.50 an
ounce while copper prices dipped one cent to US$3.00 a pound. The
December crude oil contract gained US$0.46 to US$78.22 a barrel.
At 8:45 CST Thursday, the Canadian dollar was at US$0.8756 or
US$=C$1.1421 which compares with Wednesday’s North American close of US
$0.8780, or US$=C$1.1389.
The TSX was up 157.83 points Thursday morning at 8:45 CST, to sit at
14,548.26.
