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U.S. employers added 165,000 jobs in October, well above expectations, while Canada lost 4,700 jobs for a third consecutive month. The contrasting data lifted USD/CAD about 0.78% to roughly 1.4120 and raised market expectations for a Federal Reserve rate hike.
Stronger U.S. employment and weaker Canadian employment widen the expected interest-rate gap, supporting the U.S. dollar against the Canadian dollar. A higher USD/CAD raises the local-currency cost of imported feed and agricultural inputs for Canadian buyers.
stockwirex.comBranka NarancicNov 7, 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.
