USD/CAD bias turned neutral on October 10, 2026
Canada reported a September employment decline of 68.3K compared with expectations for a 9.2K increase, with the unemployment rate ticking higher, and the Canadian dollar fell to an 18-month low after the jobs miss. The currency had earlier gathered strength ahead of the report as risk-on mood weighed on the US dollar, while commentary also pointed to US-Canada policy divergence as a factor for CAD against the US dollar.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed once during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Weak bullish
- 01:46Neutral
Headlines (12)
Carried over from earlier days
- Canadian Dollar weakens despite higher oil pricesFXStreet
- Canadian Dollar nears 18-month lows as risk aversion buoys the US DollarFXStreet
- Canadian Dollar: Consolidation near 1.42s against US Dollar – ScotiabankFXStreet
- Canadian dollar gains as oil rally, narrower yield gap support loonieInvesting.com
- Canadian Dollar strengthens as risk-on mood weighs on US DollarFXStreet
- Canadian Dollar gathers strength ahead of employment reportFXStreet
- Canadian Dollar: Policy divergence weighs on CAD against US Dollar – RabobankFXStreet
- Canada September employment change -68.3K vs +9.2K expectedInvestingLive
- Canadian Economy Sheds Jobs in September and the Unemployment Rate Ticks HigherActionForex
- Canadian Dollar underperforms after Canada sheds 68.3K jobs in SeptemberFXStreet
- Canada loses 68.3K jobs and the Loonie falls to an 18-month lowFXStreet
- investingLive Americas FX news wrap 9 Oct: It’s a Wrap: Stocks rebound despite weak sentiment; Canadian dollar falls on jobs missInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 11 | ||
| Fed Monetary Policy Report | USD | |
| Monday, October 12 | ||
| FOMC Member Hammack Speaks | USD | |
| Bank Holiday | CAD | |
| Bank Holiday | USD | |
| Tuesday, October 13 | ||
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 98.0 | USD |
| ADP Weekly Employment Change | USD | |
| Existing Home Sales | 3.96M | USD |