Skip to main content

The Globe and Mail

Loonie unchanged, trading quiet with U.S. closed for Independence Day

A Canadian dollar coin.


The Canadian dollar was flat late morning Friday in a quiet session with U.S. markets closed for the Independence Day holiday.

The loonie was down from the highs of the morning, unchanged at 93.99 cents US.

The gain followed a rise of 0.24 of a cent on Thursday in the wake of a much stronger than expected U.S. employment report for June and other data showing Canada's trade deficit with the world narrowed during May.

Story continues below advertisement

The employment data increased optimism that the American economy will rebound significantly after severe winter weather pushed the economy into contraction in the first quarter.

Canadian jobs data for June will be released July 11.

Commodity prices were mixed in electronic trading on the New York Mercantile Exchange with August crude 35 cents lower to US$103.71 a barrel.

August bullion was up 60 cents to US$1,321.20 an ounce, while September copper was down a cent at US$3.27 a pound.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨