# C$ posts weekly decline as U.S. jobs data rattles investors | Financial Newsletter

> The Canadian dollar fell 0.4% to 1.3485 per U.S. dollar on December 2 after stronger-than-expected U.S. jobs data, and it lost 0.8% for the week. Canada added 10,100 jobs in November and the jobless rate fell to 5.1%, while U.S. crude settled 1.5% lower at $79.98 a barrel ahead of an OPEC+ meeting.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/38463-c-posts-weekly-decline-as-u-s-jobs-data-rattles-investors-financial-newsletter
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger U.S. labour data supports the dollar and pressures oil, which lowers the cost of dollar-priced feed imports for non-U.S. buyers while weighing on energy-linked commodity values.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-18 | [Canadian dollar extends weekly decline as oil prices slide \| Financial Post](https://feedsoft.ai/events/38908-canadian-dollar-extends-weekly-decline-as-oil-prices-slide-financial-post.md) | -6.5% | -9.1% |
| WTI | 2020-06-11 | [Canadian dollar slides as investor risk appetite wanes \| Financial Post](https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-financial-post.md) | -4.1% | +0.2% |
| WTI | 2022-11-18 | [Oil slides 2%, posts second weekly decline as supply fears recede \| Reuters](https://feedsoft.ai/events/38868-oil-slides-2-posts-second-weekly-decline-as-supply-fears-recede-reuters.md) | -6.5% | -9.1% |
| WTI | 2022-11-28 | [C$ hits one-week low as China protests rattle investors - Markets - Business Recorder](https://feedsoft.ai/events/38912-c-hits-one-week-low-as-china-protests-rattle-investors-markets-business-recorder.md) | +4.6% | +4.2% |
| WTI | 2024-09-06 | [Oil settles down 2%, big weekly drop after US jobs data](https://feedsoft.ai/events/12384-oil-settles-down-2-big-weekly-drop-after-us-jobs-data.md) | -0.3% | +6.2% |

## Sources

- financialnewsletter.com: https://financialnewsletter.com/c-posts-weekly-decline/

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