{
  "id": 6105531,
  "title": "Canadian Dollar steadies as robust US jobs data counter rising oil prices",
  "url": "https://urgent.news/2026/09/07/canadian-dollar-steadies-as-robust-us-jobs-data-counter-rising-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T05:12:38.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-steadies-as-robust-us-jobs-data-counter-rising-oil-prices-202609070512"
  },
  "original_language": "en",
  "account": "The USD/CAD pair maintained a flat trading range near 1.3835 in the early European session on Monday. Stronger-than-expected US jobs data helped offset the upward pressure from rising crude oil prices. US markets were closed on Monday for Labour Day. The US Nonfarm Payrolls (NFP) reported a gain of 162,000 jobs in August, surpassing expectations, while the Unemployment Rate remained stable during the same period, according to the US Bureau of Labor Statistics (BLS). Market expectations for a Federal Reserve (Fed) rate hike at the September policy meeting intensified following the US jobs data, with Fed funds futures now pricing in a 60% chance of a hike. Canada's economy, however, saw a drop of 41,700 jobs in August, with the unemployment rate staying unchanged at 6.4%, according to Statistics Canada. This decline in employment and a slowdown in wage growth dampened expectations of a decisive economic turnaround, according to Thomas Ryan, a senior North American economist at Capital Economics. Escalating geopolitical tensions in the Middle East could further push up crude oil prices, potentially benefiting the commodity-linked Canadian Dollar (CAD). Analysts at Scotiabank noted that the immediate direction of the CAD will depend on the upcoming US labor market data, suggesting a potential modest upward movement if the figures align with expectations.",
  "summary": "The USD/CAD pair trades on a flat note near 1.3835 during the early European session on Monday. The pair steadies as stronger-than-expected US jobs data offsets rising crude oil prices. US markets will be closed on Monday for Labour Day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Range holds before key data against US Dollar – Danske Bank",
        "url": "https://urgent.news/2026/09/07/euro-range-holds-before-key-data-against-us-dollar-danske-bank",
        "published": "2026-09-07T06:19:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}