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US employers added 165,000 jobs in October, above the 65,000 forecast, while revisions added 84,000 jobs to August and September estimates; US unemployment fell to 4.1%. Canada lost 4,700 jobs and its unemployment rate rose to 6.7%, while USD/CAD advanced 0.78% to about 1.4120.
The contrast between stronger US and weaker Canadian employment supports the US dollar against the Canadian dollar, with markets also raising expectations of a potential Federal Reserve rate hike. This can make US-priced feed imports costlier for Canadian buyers.
europesays.comNov 8, 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.
