USD/CAD tests six-week lows at 1.3968 as US dollar softens: Nov 1, 2026
USD/CAD is testing six-week lows at 1.3968 amid a softer US Dollar. In Canada, GDP stalled again in August with September estimates pointing to contraction, while attention has turned to Bank of Canada inflation concerns after a rate hike. Focus is now on the federal budget, trade and jobs for further context.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.
Headlines (8)
Carried over from earlier days
- Canadian Dollar stands firm near September 16 top vs weak USD amid bullish oil pricesFXStreet
- Bank of Japan Holds Rates, Closing a Week Where Every Dissent Called for a HikeBeInCrypto
- USD/CAD Price Forecast: Testing six-week lows at 1.3968 amid a softer US DollarFXStreet
- Canada GDP Stalls Again in August, September Estimate Points to ContractionActionForex
- Economic growth stalled again in August, StatCan saysboereport.com
- Post Rate Hike Spotlight in Canada Turns to Federal Budget, Trade and JobsActionForex
- Economics Week AheadActionForex
- The Weekly Bottom Line: BoC Fears Spectre of InflationActionForex
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | CAD | |
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| Manufacturing PMI | CAD | |
| Final Manufacturing PMI | 56.0 | USD |
| ISM Manufacturing PMI | 54.7 | USD |
| Construction Spending m/m | 0.3% | USD |
| ISM Manufacturing Prices | 77.2 | USD |