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C$ firms as oil prices climb, US wages disappoint

08 Dec, 2017

The US dollar pared some of its advance against a basket of major currencies after the November jobs data, which showed a healthy 228,000 increase in non-farm payrolls but a weaker-than-expected annual wage gain of 2.5 percent.

Prices of oil, one of Canada's major exports, got a boost from rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.

US crude prices were up 1.7 percent at $57.64 a barrel.

 

 

Copyright Reuters, 2017

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