Canadian dollar holds near highs as oil offsets soft USD: Nov 3, 2026
The Canadian dollar has held near its September 16 highs as rebounding oil prices linked to hostilities in Iran and a softer U.S. dollar on easing safe-haven demand have weighed on USD/CAD. Those gains were tempered as oil later retreated, with Brent falling below $104, while Prime Minister Carney discussed a bilateral trade deal with Trump.
Updated
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Headlines (9)
First seen on November 3
- Canadian Dollar gains ground as rebounding oil prices soften USD/CADFXStreet
- Canadian Dollar regains lost ground as hostilities in Iran boost Oil pricesFXStreet
Carried over from earlier days
- Canadian Prime Minister Carney discusses bilateral trade deal with Trumpaa.com.tr
- Canadian Dollar holds gains as US Dollar struggles on easing safe-haven demandFXStreet
- Canadian Dollar sits near September 16 highs as weaker USD offsets declining oil pricesFXStreet
- Canadian dollar slips from six-week high as oil retreat offsets weaker U.S. dollarInvesting.com
- Canadian Dollar gains stall as positive US-Iran headlines send Oil lowerFXStreet
- Brent crude price falls below $104 per barrel, first time since October 15TASS
- USDCAD decline stalls at key support. Can buyers build on the bounce?InvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 3 | ||
| Factory Orders m/m | 1.2% | USD |
| JOLTS Job Openings | 7.15M | USD |
| RCM/TIPP Economic Optimism | 46.2 | USD |
| Omdia Total Vehicle Sales | 15.8M | USD |
| Congressional Elections | USD | |
| BOC Gov Macklem Speaks | CAD | |
| API Weekly Statistical Bulletin | USD | |
| Annual Budget Release | CAD | |