WINNIPEG, March 12 (MarketsFarm) – The Canadian dollar rose on Friday morning after Statistics Canada announced that the country added 259,000 jobs and the unemployment rate fell to 8.2 per cent, the lowest rate since the beginning of the pandemic.
As of 8:35 a.m. CST, the Canadian dollar was at US$0.7978 or US$1=C$1.2538, compared to US$0.7961 or US$1=C$1.2561 when markets closed on Thursday.
Benchmark oil prices had a slight downturn on Friday morning after jumping on Thursday.
Brent crude oil stayed away from the US$70 per barrel mark and dropped by US$0.38 to US$69.25. West Texas Intermediate (WTI) lost US$0.29 to US$65.73/barrel. Western Canadian Select (WCS) fell by US$0.26 at US$54.80/barrel.
After another record-high close on Thursday, the TSX/S&P Composite Index continued its ascent, rising 154.57 to 18,844.57 points.
Gold tumbled by US$18.74 to US$1,703.86 per ounce.
