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USD/CAD rose 0.6% to 1.4100 after US October payrolls rose by 165,000 and unemployment fell to 4.1%, while Canada reported job losses and unemployment of 6.7%. Markets increased the probability of a December Federal Reserve rate hike and lowered the odds of a Bank of Canada hike.
Wider expected interest-rate divergence supported the US dollar and pushed USD/CAD higher. That currency move can increase the local-currency cost of imported, dollar-priced feed commodities for Canadian buyers.
tastyfx.comGlen FrybargerNov 6, 2026Not enough comparable past events yet for a historical read.
After 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.
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.
