By Commodity News Service Canada
Winnipeg, July 4 The Canadian dollar saw little change on Friday morning as trading was quiet due to the U.S. markets being closed for Independence Day.
At 9:08 CDT Thursday morning, the Canadian dollar was quoted at US$0.9404, up 0.05 cents US from Thursday’s close.
This slight gain was in the wake of a stronger than expected U.S. June employment report and other data indicating that Canada’s trade deficit with the world narrowed during May, analysts say.
The positive employment data increased ideas that the U.S. economy will rebound significantly after the severe weather conditions of this past winter pushed the economy into contraction during the first quarter. Canadian employment data will be released on June 11.
On the commodity market, August crude oil fell 33 cents to US$103.73 a barrel. Meanwhile August gold bullion was up to US$1,322.10 an ounce, while September copper remained unchanged at US$3.28 a pound.
The TSX was up 36.35 points to sit at 15,243.46 at 9:08 CDT Friday morning.
