WINNIPEG, Oct. 24 (MarketsFarm) The Canadian dollar was slightly higher on Thursday morning, following trends set earlier in the week.
At 8:45 CDT, the Canadian dollar was at US$0.7654 or C$1.3065, which compares with Wednesday’s North American close of US$0.7642 or C$1.3086.
A report from the United States Department of Labour showed unemployment claims fell to 212,000 during week ended Oct. 19. However, U.S. business manufacturing purchases were down by 0.5 per cent in September, renewing concerns of an economic downturn.
Oil prices were slightly stronger on Thursday morning despite to weak economic data stoking concerns of a decrease in global fuel demand. Brent Crude was up 24 cents at US$61.41 per barrel, and West Texas Intermediate (WTI) was up 9 cents at US$56.06 per barrel.
The TSX gained at 8:45 CDT, up 68.82 points at 16,404.75. The S&P 500 Index was up 11.40 points to hit 3,015.49. The Dow Jones gained 76.00 points at 26,905.45. The NASDAQ increased, up 56.88 to hit 8,171.92.
