# Canadian dollar holds firm near seven-week peak ahead of Macklem speech

> The Canadian dollar stayed near a seven-week high against the U.S. dollar, with USD/CAD trading around C$1.3955. The move followed a sharp fall in the greenback after Democrats won control of both chambers of Congress in the midterm elections.

- Date: 2026-11-05 · published 2026-11-05T15:09:06.252Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/81936-canadian-dollar-holds-firm-near-seven-week-peak-ahead-of-macklem-speech
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie makes Canadian-origin feed inputs such as canola meal relatively cheaper in U.S. dollar terms for importers, a modest bearish pressure on Canadian oilseed export prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- ca.investing.com: https://ca.investing.com/news/forex-news/canadian-dollar-holds-firm-near-sevenweek-peak-ahead-of-macklem-speech-4934801

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