Back to today’s briefing

Story perspectives

Canadian Dollar Soars on Strong Job Growth, Oil Boost

12/6/2025

45 8

Summary

Story summary

On December 5, 2025, the Canadian dollar rose 0.7% to its strongest since September, driven by stronger-than-expected jobs data.
Canada’s unemployment rate fell to a 16-month low as 53,600 jobs were added in November.
Economists predict the Bank of Canada will maintain its interest rate at 2.25% at its upcoming policy decision.
Oil prices rose to $60.37 per barrel, supporting the loonie after it touched a five-week high yesterday.

1 of 1

Story summary

On December 5, 2025, the Canadian dollar rose 0.7% to its strongest since September, driven by stronger-than-expected jobs data.
Canada’s unemployment rate fell to a 16-month low as 53,600 jobs were added in November.
Economists predict the Bank of Canada will maintain its interest rate at 2.25% at its upcoming policy decision.
Oil prices rose to $60.37 per barrel, supporting the loonie after it touched a five-week high yesterday.