By Commodity News Service Canada
Winnipeg, November 7 – The Canadian dollar was higher against its US counterpart Friday morning, as employment numbers in Canada exceeded expectations.
The Canadian economy created 43,100 jobs last month, which exceeded analysts’ expectations. The unemployment rate also dropped from 6.8 percent to 6.5 percent.
The US created 215,000 jobs last month, which fell short of expectations.
On the commodity markets, December bullion jumped $12.80 to US$1,155.40 an ounce while copper prices gained three cents to US$3.04 a pound. The December crude oil contract rose US$0.72 to US$78.63 a barrel.
At 8:45 CST Friday, the Canadian dollar was at US$0.8808 or US$=C$1.1353 which compares with Thursday’s North American close of US $0.8752, or US$=C$1.1426.
The TSX was up 12.26 points Friday morning at 8:45 CST, to sit at 14,575.64.
