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The Canadian dollar fell 0.8% on Friday and 1.1% for the week after October employment dropped by 4,700, the third consecutive monthly decline, and unemployment rose to 6.7%. Strong US payrolls strengthened expectations of a Federal Reserve rate hike, widening the gap between US and Canadian rate expectations.
The weaker loonie raises the Canadian cost of imported feed ingredients and can improve the competitiveness of Canadian exports. The rate divergence supports a higher USDCAD exchange rate.
briefs.coMilena ThomasNov 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.
