# Loonie adds more than 1 cent US on strong November jobs report | CBC News

> The Canadian dollar rose more than one US cent on Dec. 1 after Statistics Canada reported 80,000 jobs added in November. The jobless rate fell to 5.9 per cent, its lowest since February 2008.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67688-loonie-adds-more-than-1-cent-us-on-strong-november-jobs-report-cbc-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A stronger loonie raises the USD cost of Canadian grain and oilseed exports, a mild bullish factor for USD-denominated canola meal and barley prices. The move is driven by domestic labour data rather than feed supply.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bullish ▲

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canada-jobs-economy-1.4427948

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