By Commodity News Service Canada
Winnipeg, May 2 – The Canadian dollar was down slightly against its US counterpart Friday morning as a better than expected April US jobs report put pressure on the loonie.
The report said the US economy generated 288,000 jobs during the month of April. That exceeded forecasts by analysts who predicted just 200,000 jobs would be created.
On the commodity markets, July copper was up a cent to US$3.03 a pound while June bullion faded $3 to US$1,280,40 an ounce.
At 8:40 CDT Friday, the Canadian dollar was at US$0.9103 or US$=C$1.1099 which compares with Thursday’s North American close of US $0.9123, or US$=C$1.0961.
The TSX was up 12.20 points Friday morning at 8:40 CDT, to sit at 14,664.07.
