By Commodity News Service Canada
Winnipeg, October 10 – The Canadian dollar was slightly lower Friday morning, as nervousness over global markets offset better than expected job numbers.
Statistics Canada reported that the economy churned out 74,100 jobs last month. That is
well above the 20,000 positions some analysts had been expecting. The jobless rate also fell to its lowest level in almost six years.
American bonds were down sharply as the benchmark US 10-year Treasury stood at 2.31 percent.
On the commodity markets, the November crude oil contract fell $1.50 to US$84.27 a barrel. December copper fell three cents to US$3.00 a pound. December bullion dipped $1.40 to US$1,223.90 an ounce.
At 8:35 CDT Friday, the Canadian dollar was at US$0.8935 or US$=C$1.1191 which compares with Thursday’s North American close of US $0.8950, or US$=C$1.1173.
The TSX was down 205.87 points Friday morning at 8:35 CDT, to sit at 14,460.60.
