By Commodity News Service Canada
Winnipeg, June 5 – The Canadian dollar was little changed Thursday morning, as new data showed that Canadian building permits in April rose at a disappointing 1.1%. Analysts had expected an increase of 1.4%.
Traders are now looking ahead to Friday’s release of the US employment report for May. Canadian figures also come out on Friday and analysts are expecting that about 21,000 jobs were created in May.
On the commodity markets, the June crude oil contract fell 30 cents to US$102.34 a barrel. July copper was unchanged at US$3.09 a pound. August bullion dropped $1.10 cents higher to US$1,243.20 an ounce, which was bearish.
At 8:40 CDT Thursday, the Canadian dollar was at US$0.9144 or US$=C$1.0936 which compares with Wednesday’s North American close of US $0.9142, or US$=C$1.0939.
The TSX was up 62.10 points Thursday morning at 8:40 CDT, to sit at 14,796.79.
