A worker at the Royal Canadian Mint checks the quality of loonies in Winnipeg on May 2, 2006. THE CANADIAN PRESS/Marianne Helm
October 03, 2012 - 9:26 AM
TORONTO - The Canadian dollar was lower early Wednesday as data on private sector jobs in the United States showed only mild growth.
The loonie fell 0.30 of a cent to 101.30 cents US shortly before markets opened.
Payroll processor ADP reported that companies added 162,000 jobs last month, slightly better than consensus expectations, but down from August. The data indicate that economic growth isn't gaining momentum.
In commodities, November crude on the New York Mercantile Exchange moved down $1.37 to US$90.52 a barrel.
December gold bullion rose $2.90 to US$1,778.50 an ounce, while December copper was down 2.4 cents at US$3.78 a pound.
News from © The Canadian Press, 2012