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The Canadian dollar rose 0.4% to 1.3625 per US dollar on Friday after August jobs data beat expectations, with 39,900 jobs added against a forecast of 15,000. The loonie was still down 0.2% for the week after touching a five-month low the previous day.
Stronger Canadian labour data supports expectations of further central bank tightening, which firms the CAD and can make Canadian exports more expensive for buyers.
reuters.comFergal SmithSep 8, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
