WINNIPEG – The Canadian dollar found its way above the 75 United States cent mark on Friday morning.
The loonie was at US$0.7508 or US$1=C$1.3319, up from US$0.7492 or US$1=C$1.3348 on Thursday. Statistics Canada reported earlier today that the country added 60,000 jobs in June, but the unemployment rate rose to 5.4 per cent, the highest level since June 2022.
The U.S. Dollar Index declined 0.35 points to 102.82.
Crude oil eased off on Friday morning. Brent crude oil was US$0.17 lower at US$76.35 per barrel. West Texas Intermediate (WTI) lost US$0.26 at US$71.54/barrel, but is still on track for back-to-back weekly gains for the first time since May.
The TSX/S&P Composite Index dropped 46.50 points to 19,764.19.
Gold increased US$9.90 per ounce to US$1,925.30.
