By Commodity News Service Canada
Winnipeg, June 6 – The Canadian dollar was slightly lower Friday morning, on the back of lukewarm employment data from both Canada and the US.
According to Statistics Canada, the country added 25,800 jobs in May, but the unemployment rate moved higher to 7.0% from 6.9%.
The US created 217,000 jobs in May, down from 282,000 in April.
On the commodity markets, the July crude oil contract rose 49 cents to US$102.97 a barrel. July copper dropped five cents to US$3.04 a pound, which was bearish. August bullion gained $2.30 cents higher to US$1,255.60 an ounce, which was supportive.
At 8:40 CDT Friday, the Canadian dollar was at US$0.9136 or US$=C$1.0946 which compares with Thursday’s North American close of US $0.9150, or US$=C$1.0929.
The TSX was down 9.89 points Friday morning at 8:40 CDT, to sit at 14,702.29.
