Canadian dollar hits seven-week high after US election results: Nov 6, 2026
The Canadian dollar rose to a seven-week high near its September 16 levels as markets digested US election results and a broadly weaker US dollar following the Democratic sweep. Attention has shifted to upcoming US and Canadian jobs data, with oil prices recovering and BoC Governor Macklem keeping the rate-hike door open, even as the currency has decoupled from oil.
Updated
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Headlines (10)
First seen on November 6
- Canadian Dollar remains steady as oil prices continue to recoverFXStreet
- Canadian Dollar weakens ahead of US, Canadian jobs data releasesFXStreet
Carried over from earlier days
- Canadian Dollar gains as falling Treasury yields, rising oil weigh on USD/CADFXStreet
- Canadian Dollar eyes mid-September lows vs broadly weaker USD as traders await US dataFXStreet
- Canadian Dollar rises to seven-week high as markets digest US election resultsFXStreet
- Canada’s trade surplus widens to more than four-year high in SeptemberInvesting.com
- Canadian Dollar gains as US Dollar weakens following Democratic election sweepFXStreet
- Canadian Dollar sits near September 16 highs vs USD as traders eye jobs data on FridayFXStreet
- BoC’s Macklem keeps rate hike door open, downplays fiscal risksFXStreet
- The Canadian Dollar just decoupled from OilFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |
| FOMC Member Williams Speaks | USD | |
| Unemployment Rate | 4.2% | USD |
| Employment Change | 14.6K | CAD |
| Non-Farm Employment Change | 65K | USD |
| Unemployment Rate | 6.5% | CAD |
| Average Hourly Earnings m/m | 0.3% | USD |
| FOMC Member Musalem Speaks | USD | |