India, Oct. 2 -- The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment.
West Texas Intermediate Crude oil futures tumbled to $88.06 a barrel, before recovering to $90.95, still down more than 2%.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month. The report from the Labor Department said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August, while economists had expected employment to increase by 85,000 jobs.
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