USD/CAD moves as US adds 165K jobs, Canada loses 4.7K: Nov 7, 2026
The Canadian dollar was in focus after US nonfarm payrolls surged 165,000 with unemployment falling to 4.1%, while Canada's employment fell 4,700 against expectations for a gain and unemployment was 6.7%. The divergence matters for USD/CAD because traders were watching the joint US and Canada jobs releases alongside oil price moves and the Federal Reserve rate outlook.
Updated
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Headlines (9)
Carried over from earlier days
- 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
- The Canadian Dollar just decoupled from OilFXStreet
- Canadian Dollar remains steady as oil prices continue to recoverFXStreet
- USD/CAD Price Forecast: Trades strongly ahead of US/Canada employment dataFXStreet
- US Non Farm Payrolls Surge 165K, Revisions Add 84K as Unemployment Falls to 4.1%ActionForex
- Canada Employment change for October -4.7K vs 13.6K estimate. Unemployment rate 6.7%.InvestingLive
- Canadian Dollar suffers double blow as US jobs boom, domestic employment shrinksFXStreet
- Canadian Dollar stares at 114.7K lost jobs and a Fed rate hikeFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Cleveland Fed Inflation Expectations | USD | |
| Tuesday, November 10 | ||
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 97.7 | USD |
| Core CPI y/y | USD | |