By MarketsFarm
WINNIPEG, Nov. 6 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, stabilizing after strengthening to two-month highs on Thursday.
At 8:34 CST Friday morning the Canadian dollar was at US$0.7664 or C$1.3048 which compares with Thursday’s North American close of US$0.7662 or C$1.3051.
Statistics Canada’s monthly jobs report showed that employment rose by 84,000 jobs in October, causing the unemployment rate to fall 0.1 point, to 8.9 per cent.
In the United States 638,000 new jobs were added in October, taking the unemployment rate down to 6.9 per cent from 7.9 per cent in September.
The still undecided U.S. presidential election remains at the forefront of the financial markets, with challenger Joe Biden pulling ahead of incumbent Donald Trump in two key states (Pennsylvania and Georgia) overnight.
West Texas Intermediate crude oil down 1.5 per cent in early activity, at US$38.20 per barrel.
The TSX was up by 75.08 points at 8:34 CST to trade at 16,373.25 points.
