Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart to end the week, as traders reacted to the latest employment data.
- The Canadian dollar settled at US$0.7327 or US$1=C$1.3648, which compares with Thursday’s close of US$0.7312 or US$1=C$1.3676.
- Canada’s economy lost 24,800 jobs in January, but fewer people were looking for work, and the unemployment rate dipped 0.3 percentage points to its lowest level in 16 months at 6.5 per cent.
- Gold was up by US$83.80 at US$4,973.30 per ounce.
- West Texas Intermediate crude oil gained 0.35 per cent at US$63.51 per barrel.
- The TSX Composite Index climbed higher, up 476.38 points at 32,470.98 points.
