# Canada's jobs growth stalls in December as wages accelerate | Reuters

> The Canadian dollar traded 0.1% lower at 1.3360 per US dollar after touching a 17-day low. Canada's December jobs growth stalled while wages accelerated, and US payrolls rose more than expected.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32339-canada-s-jobs-growth-stalls-in-december-as-wages-accelerate-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Labour data shaping rate expectations moves the US dollar and loonie, which affects dollar-priced feed ingredient costs for Canadian buyers.

## Read by commodity

- DXY: neutral
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-10 | [Dollar in holding pattern, inflation data provides little clarity on rates \| Reuters](https://feedsoft.ai/events/36142-dollar-in-holding-pattern-inflation-data-provides-little-clarity-on-rates.md) | +0.3% | +0.9% |
| DXY | 2019-12-16 | [The Fed - Foreign Exchange Rates - H.10 -
         December 16, 2019](https://feedsoft.ai/events/55753-the-fed-foreign-exchange-rates-h-10-december-16-2019.md) | +0.1% | -0.6% |
| DXY | 2019-02-21 | [FOMC members want plan to end balance sheet reduction, minutes show - Central Banking](https://feedsoft.ai/events/60509-fomc-members-want-plan-to-end-balance-sheet-reduction-minutes-show-central.md) | -0.5% | -0.4% |
| DXY | 2023-09-01 | [Perkembangan Indikator Stabilitas Nilai Rupiah (1 September 2023)](https://feedsoft.ai/events/34427-perkembangan-indikator-stabilitas-nilai-rupiah-1-september-2023.md) | +1.4% | +1.7% |
| DXY | 2025-09-27 | [As the US Dollar weakens, the British Pound rises, reversing its recent decline against it - VT Markets](https://feedsoft.ai/events/23148-as-the-us-dollar-weakens-the-british-pound-rises-reversing-its-recent-decline.md) | -0.3% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/canada-gains-few-jobs-december-wage-growth-accelerates-2024-01-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.