BREAKING: USDCAD drops after Canadian jobs data beat

The Canadian jobs report for March was released today at 1:30 pm BST. Report release was brought a day forward as Canada will be observing Good Friday tomorrow. Data turned out to be a huge positive surprise. Employment change turned out ot be much higher-than-expected with both full-time and part-time jobs showing decent increases. As a result, the unemployment rate avoided an expected uptick to 5.1% and stayed unchanged at 5.0% instead.

Canada, jobs report for March

Employment change: +34.7k vs +12.9k expected (+21.8k previously)
Unemployment rate: 5.0% vs 5.1% expected (5.0% previously)
Full-time employment: +18.8k vs +31.1k previously
Part-time employment: +15.9k vs -9.3k previously

USDCAD climbed to the short-term resistance zone near 1.3490 prior to the release. However, the pair pulled back following better-than-expected data. A support zone near 1.3460 handle, marked with previous price reactions as well as the lower limit of the upward channel. However, bulls managed to defend the area and erased the majority of the drop in the first minutes following the release.

USDCAD at 30-minute interval. Source: xStation5

6 November 2026, 19:12

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 15:33

Pick of the week: Can Brent crude stay below $100 per barrel?

6 November 2026, 13:31

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10

EURUSD loses ground ahead of NFP

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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