# Canadian dollar extends recent gains as US labor market cools

> The Canadian dollar reached a near three-month high against the US dollar after mixed US jobs data. The move supports the view that the Bank of Canada and Federal Reserve could diverge on policy next year.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/21732-canadian-dollar-extends-recent-gains-as-us-labor-market-cools
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves driven by rate expectations have limited direct effect on feed supply or demand, so the impact on feed-ingredient prices is small.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -0.4% | +0.4% |
| DXY | 2017-06-29 | [Rand extends gains as dollar selling continues - Moneyweb](https://feedsoft.ai/events/70775-rand-extends-gains-as-dollar-selling-continues-moneyweb.md) | +0.3% | -1.7% |
| DXY | 2017-10-13 | [Commodities Make Gains as US Dollar Slips](https://feedsoft.ai/events/68392-commodities-make-gains-as-us-dollar-slips.md) | +0.1% | +1.1% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2025-06-26 | [Canadian Dollar gains ground on Thursday as Greenback weakens](https://feedsoft.ai/events/24457-canadian-dollar-gains-ground-on-thursday-as-greenback-weakens.md) | -0.9% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/canadian-dollar-extends-recent-gains-us-labor-market-cools-2025-12-16/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.