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Canada added a large number of jobs in November, but the outlook is clouded by the Omicron variant. The Canadian dollar traded 0.4% higher at 1.2760 per US dollar.
The Bank of Canada had signalled in October that it could begin raising rates.
Stronger employment supports expectations of earlier Bank of Canada tightening, which tends to firm the loonie. Omicron uncertainty limits the upside for commodity-linked demand.
reuters.comJulie GordonDec 3, 2021Not 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.
