By Commodity News Service Canada
WINNIPEG, April 4- The Canadian dollar was stronger Friday morning, moving back above 91 US cents as employment data beat expectations.
At 11:53 CDT, the Canadian dollar was trading at US$0.9109 or US$1=C$1.0978 which compares with Thursday’s close of US$0.9059 or US$=C$1.1039.
The Canadian economy created 43,000 jobs in March which caused the unemployment rate to decline to 6.9%, from 7.0% the previous month, reported Statistics Canada. The employment growth beat market expectations, which was supportive for the currency.
US employment data was also strong during the month, with 192,000 new jobs created in Canada’s largest trading partner, according to the US Labor Department.
At midday Friday the Toronto Stock Exchange was stronger, up 10.51 points at 11:53 CDT to sit at 14,412.72.
