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The Canadian dollar edged lower against the US dollar on Thursday, with USD/CAD at C$1.3987 per US dollar. Bank of Canada Governor Tiff Macklem said further rate increases might be needed while stressing a cautious, meeting-by-meeting approach; Canadian and US October employment reports were due on November 6.
The prospect of higher Canadian interest rates could support the loonie, while upcoming employment data may shift expectations for both central banks. The reported currency move was modest, with no direct feed-commodity impact identified.
fxnews.aiFXNews News DeskNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
