# US labour market strengthens as Canadian jobless rate surprises higher

> 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.

- Date: 2026-11-07 · published 2026-11-07T06:09:40.584Z
- Category: macro · region United States and Canada · magnitude low
- Page: https://feedsoft.ai/events/85539-us-labour-market-strengthens-as-canadian-jobless-rate-surprises-higher
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-10 | [Rand Tumbles Above 19 as Dollar Strengthens on US Jobs Data](https://feedsoft.ai/events/26805-rand-tumbles-above-19-as-dollar-strengthens-on-us-jobs-data.md) | +0.1% | -0.7% |
| DXY | 2023-05-01 | [US dollar edges higher as GDP, jobless claims affirm rate hike bets](https://feedsoft.ai/events/36302-us-dollar-edges-higher-as-gdp-jobless-claims-affirm-rate-hike-bets.md) | -0.6% | +1.2% |
| DXY | 2023-02-27 | [Asian FX, stocks pressured by higher US rates outlook - Markets - Business Recorder](https://feedsoft.ai/events/37599-asian-fx-stocks-pressured-by-higher-us-rates-outlook-markets-business-recorder.md) | -0.7% | -0.9% |
| DXY | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | +1.7% | +1.8% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |

## Sources

- equiti.com: https://www.equiti.com/sc-en/news/market-news/us-labour-market-strengthens-as-canadian-jobless-rate-surprises-higher/

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