The Canadian dollar was trading near a one-week high against its US counterpart during the US foreign exchange trading session yesterday (November 5th), with the market eagerly awaiting the latest national jobs data later today.Dean Popplewell, a currency analyst in Toronto at Oanda Corp, told Bloomberg the non-farms payroll data will play a key part in shaping the loonie's position at the end of the week."We're range-trading. One day it's risk aversion, next it's risk appetite. I expect people to hold their positions before tomorrow's employment reports," he commented.Despite a jittery day of trading yesterday, the loonie, so named because of the aquatic bird on the reverse face of the C$1 coin, is on course for its first weekly gain since mid-October, with a 1.8 per cent rise recorded to the close of trading yesterday.The gains came as crude oil, Canada's largest export, hovered around the $80-a-barrel mark, supported by signs of recovery in demand for petroleum products in the US.