# Canada Job Losses, US Midterms Weaken Rate-Hike Odds

> Canadian employment fell by 4,700 in October and unemployment rose to 6.7%, lowering market-implied odds of a Bank of Canada rate increase in December to about 32% from 40%. Separately, U.S. prediction-market odds of a December Federal Reserve hike fell to 67% after the midterm elections.

- Date: 2026-11-07 · published 2026-11-07T21:09:28.811Z
- Category: macro · region US and Canada · magnitude low
- Page: https://feedsoft.ai/events/86524-canada-job-losses-us-midterms-weaken-rate-hike-odds
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker Canadian employment may weigh on the Canadian dollar, while reduced U.S. rate-hike expectations could offset some of that pressure. The article gives no clear net currency direction and indicates no direct change in feed supply or demand.

## Sources

- ijr.com: https://ijr.com/discover/canada-job-losses-us-midterms-weaken-rate-hike-odds-45e3f57a

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