# Canadian dollar hits seven-week high on US elections result | Kitco News

> The Canadian dollar strengthened to a seven-week high against the US dollar after Democrats won the US midterm elections and broad dollar weakness followed. The loonie traded near 1.3965 per US dollar, with Canada's September trade surplus also widening.

- Date: 2026-11-04 · published 2026-11-05T12:08:26.471Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/81629-canadian-dollar-hits-seven-week-high-on-us-elections-result-kitco-news
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A stronger loonie makes Canadian-origin feed inputs such as canola meal relatively more expensive for US-dollar buyers, while a weaker greenback broadly supports dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-12-03 | [Euro hits almost seven-week high, dollar broadly lower](https://feedsoft.ai/events/21725-euro-hits-almost-seven-week-high-dollar-broadly-lower.md) | -0.4% | -1.2% |
| DXY | 2024-11-29 | [Yen hits six-week high, dollar dips for month-end](https://feedsoft.ai/events/27606-yen-hits-six-week-high-dollar-dips-for-month-end.md) | -0.3% | +1.3% |
| DXY | 2017-01-31 | [Canadian dollar posts a fourth-month high on GDP data, weaker greenback \| Reuters](https://feedsoft.ai/events/73199-canadian-dollar-posts-a-fourth-month-high-on-gdp-data-weaker-greenback-reuters.md) | -0.6% | -0.6% |
| DXY | 2026-09-30 | [Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com](https://feedsoft.ai/events/17701-canadian-dollar-firms-as-softer-u-s-inflation-weighs-on-rate-hike-bets-by.md) | -0.1% | +0.7% |
| DXY | 2020-02-28 | [Virus panic sends yen to seven-week high against dollar](https://feedsoft.ai/events/54814-virus-panic-sends-yen-to-seven-week-high-against-dollar.md) | -0.5% | +4.3% |

## Sources

- kitco.com: http://www.kitco.com/news/off-the-wire/2026-11-04/canadian-dollar-hits-seven-week-high-us-elections-result

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