WINNIPEG – The Canadian dollar is oscillating on each side of the 80-cent United States mark on Friday.
As of 8:50 a.m. CDT, the loonie was at US$0.7970 or US$1=C$1.2547, compared to US$0.8002 or US$1=C$1.2497 when markets closed on Thursday. Statistics Canada announced on Friday that 94,000 new jobs were added in July.
Crude oil increased on Friday. Brent crude oil increased US$0.17 per barrel to US$71.46. West Texas Intermediate (WTI) went up US$0.11 to US$69.20/barrel. Western Canadian Select (WCS) advanced US$0.76 to US$56.24/barrel.
The TSX/S&P Composite Index rose 44.21 points at 20,419.69.
Gold suffered a major drop, falling US$39.68 per ounce to US$1,764.63 after the U.S. Labor Department reported job growth in July.
