# USD/CAD Climbs to Three-Week High as Jobs Data Diverge

> 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.

- Date: 2026-11-06 · published 2026-11-07T06:09:40.682Z
- Category: macro · region United States and Canada · magnitude low
- Page: https://feedsoft.ai/events/85540-usd-cad-climbs-to-three-week-high-as-jobs-data-diverge
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-14 | [Dollar climbs to 3-week peak; US jobs data shrugged off](https://feedsoft.ai/events/53333-dollar-climbs-to-3-week-peak-us-jobs-data-shrugged-off.md) | -1.2% | -3.5% |
| DXY | 2016-11-17 | [C$ strengthens to a 1-week high as oil climbs](https://feedsoft.ai/events/74055-c-strengthens-to-a-1-week-high-as-oil-climbs.md) | +1.1% | +1.7% |
| DXY | 2024-06-28 | [USD/CAD advances to over one-week high, holds above 1.3700 as traders look to US PCE data — Octa](https://feedsoft.ai/events/30015-usd-cad-advances-to-over-one-week-high-holds-above-1-3700-as-traders-look-to-us.md) | -0.7% | -0.5% |
| DXY | 2019-10-31 | [USD/CAD: Pair Surges To 2 Week High On Dovish BoC - Currency Live](https://feedsoft.ai/events/56793-usd-cad-pair-surges-to-2-week-high-on-dovish-boc-currency-live.md) | -0.1% | +0.8% |
| DXY | 2020-03-30 | [USD/CAD climbs to daily highs above 1.4150 as WTI extends slide below $20 - Forex Crunch](https://feedsoft.ai/events/54357-usd-cad-climbs-to-daily-highs-above-1-4150-as-wti-extends-slide-below-20-forex.md) | +1.6% | +1.4% |

## Sources

- tastyfx.com: https://www.tastyfx.com/news/usd-cad-climbs-to-three-week-high-as-jobs-data-diverge/

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