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Canada’s unemployment rate rose to 6.7% in October from 6.5% in September, above the 6.5% forecast. Employment fell by 4,700, contrary to expectations for a gain of 13,600, while the report noted continued weakness in the labor market and uncertainty related to US tariffs.
The weaker labor data may make the Bank of Canada more cautious about further rate hikes, weighing on the Canadian dollar and potentially raising the cost of Canadian imports priced in US dollars.
fxstreet.comFXStreet TeamNov 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.
