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US nonfarm payrolls increased by 165,000 in October, above expectations, while unemployment fell to 4.1%. Canada lost jobs and its unemployment rate rose to 6.7%, with the article attributing the weakness primarily to US trade tariffs; stronger US data also lifted expectations of a Federal Reserve rate hike.
The divergent labour data widened expected US-Canada interest-rate differentials, supporting the US dollar against the Canadian dollar. A stronger dollar can raise the cost of dollar-priced feed and agricultural imports for buyers using other currencies.
equiti.comDaniel MejíaNov 7, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
