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The Canadian dollar fell 0.8% against the US dollar, its largest daily decline in nine months, after Canada lost 4,700 jobs in October and unemployment rose to 6.7%. Lower oil prices and a stronger US dollar added to the currency's losses; the article also reports higher US dollar rates in Iraqi currency markets and flood-related deaths in Erbil.
Weaker oil prices and Canadian employment data pressured the Canadian dollar, making US-dollar-priced imports relatively more expensive for Canadian feed buyers.
alamssar.comابراهيم ياسرNov 8, 2026Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
