# Canadian dollar hits 6-day low as investors eye U.S. jobs data | Financial Post

> The Canadian dollar weakened to a six-day low against the U.S. dollar, trading 0.3% lower at 1.2333. Oil fell 1.5% to $72.01 a barrel as COVID-19 cases rose in Asia and Europe. Traders were focused on U.S. jobs data that could signal the pace of Fed tightening.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/46834-canadian-dollar-hits-6-day-low-as-investors-eye-u-s-jobs-data-financial-post
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker loonie and softer oil reduce Canada's export income and make U.S.-dollar-priced feed imports relatively more expensive for Canadian buyers. Market attention on U.S. payrolls adds near-term volatility to currency-driven input costs.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/canadian-dollar-hits-6-day-low-as-investors-eye-u-s-jobs-data-2

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