WINNIPEG – The Canadian dollar experienced another morning of gains on Friday due to a weakening United States dollar and an underwhelming jobs report from the U.S. Labor Department. Nonfarm payrolls only increased by 235,000 jobs in August, compared to a gain of 1.05 million in July.
As of 8:40 a.m. CDT, the loonie was at US$0.7975 or US$1=C$1.2539, compared to US$0.7954 or US$1=C$1.2573 when markets closed on Thursday.
Crude oil was mostly lower on Friday. Brent crude oil dipped one cent per barrel to US$73.02. West Texas Intermediate (WTI) lost seven cents to US$69.92/barrel. Meanwhile, Western Canadian Select (WCS) jumped US$0.65 to US$58.43/barrel.
The TSX/S&P Composite Index gained 9.15 points at 20,804.27 on Friday morning.
Gold skyrocketed US$16.00 per ounce to US$1,827.50.
