# The Canadian Dollar Falls as US Employment Surges and Domestic Employment Contracts

> USD/CAD rose about 0.78% to around 1.4120 after US October payrolls increased by 165,000, above expectations, while Canadian employment fell by 4,700 and unemployment rose to 6.7%. Revisions to earlier US payroll estimates also added to the picture of a resilient US labor market.

- Date: 2026-11-06 · published 2026-11-07T00:11:48.507Z
- Category: macro · region Canada and United States · magnitude medium
- Page: https://feedsoft.ai/events/85057-the-canadian-dollar-falls-as-us-employment-surges-and-domestic-employment
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The divergence between stronger US and weaker Canadian labor data supports the US dollar against the Canadian dollar, lifting USD/CAD.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fxstreet.es: https://www.fxstreet.es/news/el-dolar-canadiense-sufre-un-doble-golpe-mientras-el-auge-del-empleo-en-eeuu-contrae-el-empleo-nacional-202611061429

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