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Canada lost 4,700 jobs in October, missing expectations for a gain of 13,600, while unemployment rose to 6.7%. At the same time, US payrolls exceeded forecasts by 100,000, and USD/CAD rose about 0.59% as the two reports were released together.
The weaker Canadian employment data relative to the stronger US report supports a higher USD/CAD exchange rate. A weaker Canadian dollar can raise the local-currency cost of imported feed and agricultural commodities.
forextraders.comChris LeeNov 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.
