Loading…
US nonfarm payrolls rose by 165,000 in October, above the 65,000 expected, while Canada lost 4,700 jobs and its unemployment rate increased to 6.7%. USD/CAD rose 0.78% to around 1.4120 as the employment figures widened the contrast between the two labor markets.
Stronger US employment and weaker Canadian data support expectations of a more restrictive Fed relative to the Bank of Canada, boosting the US dollar against the Canadian dollar. The resulting currency move can raise the CAD cost of imported feed and commodity inputs.
tmgm.comGhiles GuezoutNov 6, 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.
