# USD/CAD: Canada loses 4,700 jobs, unemployment 6.7%

> 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.

- Date: 2026-11-06 · published 2026-11-06T21:27:57.649Z
- Category: report · region Canada and United States · magnitude low
- Page: https://feedsoft.ai/events/84985-usd-cad-canada-loses-4-700-jobs-unemployment-6-7
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- forextraders.com: https://forextraders.com/forex-news/canada-loses-4700-jobs-usd-cad-rises/

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