By MarketsFarm
WINNIPEG, Sept. 4 (MarketsFarm) – The Canadian dollar was slightly firmer Friday morning, with monthly jobs data providing some support.
At 8:57 CDT Friday morning the Canadian dollar was at US$0.7628 or C$1.3110 which compares with Thursday’s North American close of US$0.7620 or C$1.3123.
Canada added 245,800 jobs in August, according to a report from Statistics Canada, with most of the new jobs full-time. The country’s unemployment rate fell 0.7 points, to 10.2 per cent.
United States employment data saw nearly 1.4 million new jobs reported in August. While that was a slowdown from the previous month, the unemployment rate fell to 8.4 per cent, from 10.2 per cent in July.
Crude oil was weaker in early trade, putting some pressure on the energy-linked Canadian dollar. West Texas Intermediate was down 1.0 per cent in early trade, at US$40.94 per barrel.
The TSX was steady at 8:57 CDT to trade at 16,448.40 points.
