By Commodity News Service Canada
WINNIPEG, April 6 (CNS Canada) The Canadian dollar was stronger Friday morning, as the currency reacted to the latest North American jobs data.
At 9:09 CDT Friday morning the Canadian dollar was at US$0.7851 or C$1.2737, which compares with Thursday’s North American close of US$0.7827 or C$1.2776.
Canada added 32,300 jobs in March while the unemployment rate held steady at 5.8 per cent, according to Statistics Canada data. The jobs growth beat expectations and was seen as a sign the country’s economy was still in good shape despite global trade uncertainty.
Meanwhile, jobs growth in the United States failed to live up to expectations, with the nonfarm payrolls report showing an increase of 103,100 jobs in March. Investors had expected jobs growth nearly double that level.
The TSX was weaker at 9:09 CDT, down 13.77 points at 15,342.28.
