# Canadian Dollar stares at 114.7K lost jobs and a Fed rate hike

> Canada lost 4,700 jobs in October and its unemployment rate rose to 6.7%, extending a three-month decline totaling 114,700 jobs. At the same time, U.S. employment growth exceeded expectations, strengthening bets on another Federal Reserve rate hike and adding pressure to the Canadian dollar.

- Date: 2026-11-06 · published 2026-11-06T21:12:08.567Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/84903-canadian-dollar-stares-at-114-7k-lost-jobs-and-a-fed-rate-hike
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker Canadian dollar can improve the price competitiveness of Canadian agricultural exports, while divergent U.S. and Canadian rate expectations may sustain currency volatility. No direct agricultural supply or demand change is reported.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/canadian-dollar-stares-at-1147k-lost-jobs-and-a-fed-rate-hike-202611061652

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