Investing.com - The U.S. dollar held steady near one-month highs against its Canadian counterpart on Tuesday, as expectations for a U.S. rate hike before the end of the year continued to support the greenback.
USD/CAD hit 1.3294 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3285.
The pair was likely to find support at 1.3152, the low of November 6 and resistance at 1.3432, the high of September 30.
The greenback remained supprted after the Labor Department reported on Friday that the U.S. economy added 271,000 jobs last month, well ahead of the 180,000 expected by economists and the largest increase since December.
The unemployment rate fell to a seven-and-a-half year low of 5.0%.
The strong data paved the way for the Fed to raise interest rates at its December meeting, a move that would make the dollar more attractive to yield-seeking investors.
The loonie was higher against the euro, with EUR/CAD declining 0.63% to 1.4191.
The euro remained under pressure after Reuters reported on Monday that the European Central Bank could cut its deposit rate deeper into negative territory at its December meeting.