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The Canadian dollar was little changed near 1.4135 per US dollar on Monday but underperformed most G10 currencies as oil prices fell. Canadian employment declined for a third consecutive month in October, lifting unemployment to 6.7%, while stronger US job growth widened the gap in expected Bank of Canada and Federal Reserve rate decisions.
Lower oil prices and reduced expectations for Canadian rate hikes weigh on the loonie, supporting a higher USD/CAD exchange rate. The currency move can affect the local-currency cost of imported feed and other commodities.
kitco.comNov 9, 2026
livemint.comReutersNov 9, 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.
