# Canadian dollar notches one-month high as jobs gain cements steady rate outlook

> The Canadian dollar strengthened to a four-week high on October 11 after September data showed 53,700 jobs were added, far above the 10,000 forecast. Traders reduced bets on a Bank of Canada rate cut at the October 30 decision. Hopes for a partial US-China trade deal also supported the loonie.

- Date: 2019-10-11 · published 2019-10-11T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/56798-canadian-dollar-notches-one-month-high-as-jobs-gain-cements-steady-rate-outlook
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger Canadian labor data and a firmer loonie reduce the odds of a BoC cut, which affects the currency cost of Canadian-origin feed inputs.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-notches-one-month-high-as-jobs-gain-cements-steady/

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