By Commodity News Service Canada
Winnipeg, December 4 – The Canadian dollar was little changed against its American counterpart at midday Thursday, as investors waited for fresh Canada jobs data, due to be released on Friday.
The loonie was at US$0.8792 or US$1 = C$1.1371 at 11:45 CST Thursday morning.
Comments from the Bank of Canada yesterday, which decided not to raise the key interest rate, were perceived as being stronger than normal. One analyst said this helped support the loonie.
Trade guesses from some analysts predict 5,000 new jobs to be added to the Canadian economy in November.
On the commodity markets, the February gold contract faded US$1.10 to $1,207.60 an ounce. The January crude oil contract declined US$0.82 to US$66.56 a barrel.
At 11:45 CST Thursday morning, the Toronto Stock Exchange was down 173.49 points to 14,580.57.
