BRIC.TV Logo
Home/MARKETS/AFRICA/Article
TrendingMARKETS

USD/CAD steadies at 1.3910 ahead of Canada’s jobs report on Friday

USD/CAD exchange rate held steady at 1.3910 as traders looked ahead to Canada's employment report, anticipated to reveal an increase of 10,000 jobs. Analysts expect Bank of Canada to maintain its interest rate at 2.25% during next Wednesday's meeting, marking five months without any changes.

BRIC Team
BRIC Team
Jun 5, 2026 · 1 min read · 4 views
USD/CAD steadies at 1.3910 ahead of Canada’s jobs report on Friday

Key Takeaways

  • •The USD/CAD exchange rate was steady at 1.3910 on Thursday as traders awaited employment data.
  • •Analysts expect Canada to add 10,000 jobs in the upcoming employment report.
  • •The unemployment rate in Canada is projected to hold at 6.9%, the highest since October.
  • •Oil prices dropped 3.8% to $92.41 per barrel, influencing market sentiment.
  • •Immediate resistance for USD/CAD is at 1.3959, with a potential target of 1.4000.

USD/CAD exchange rate stayed around 1.3910 on Thursday. Traders eyeing Canada's employment data,could sway Bank of Canada's rate plans. Report out Friday,expected to show 10,000 jobs added last month. Unemployment rate likely stuck at 6.9% — highest since October.

Analysts say Bank of Canada will keep interest rate at 2.25% next Wednesday. Five months straight no change . Oil prices took a hit,dropping 3.8% to $92.41 per barrel. This as hopes rise for U.S.-Israeli conflict resolution with Iran,which could reopen Strait of Hormuz.

Technical analysis shows resistance for currency pair at 1.3959. Close above might push it to 1.4000 . On flip side,support sits at 1.3866. Drop below could send pair to 1.3800,matching 20-day moving average. Traders might buy around 1.3910. Stop loss at 1.3850,targeting 1.3990. But will markets follow predictions…

#business

Share this article

Related Articles

Congress questions ED and CBI for inaction on Rajesh Exports' alleged financial irregularities

Congress questions ED and CBI for inaction on Rajesh Exports' alleged financial irregularities

Congress party, under Pawan Khera's leadership, has expressed concerns about Enforcement Directorate's lack of action on alleged financial misconduct at Rajesh Exports, which posted revenues around ₹15.15 lakh crore. Consequently, Rajesh Exports’ shares have dropped for two straight days, reaching the 5% lower circuit limit due to worries over government regulatory shortcomings.

BRIC Team

Jun 5, 20260
Dow Jones climbs 1.73% to record high as S&P 500 rises 0.41%

Dow Jones climbs 1.73% to record high as S&P 500 rises 0.41%

On Thursday, Dow Jones Industrial Average jumped 1.73%, reaching a record closing high, driven by optimism about possible resolutions to conflict in Iran. This upbeat momentum gained additional support when U.S. House of Representatives approved a measure aimed at restricting President Donald Trump's military actions in the area.

BRIC Team

Jun 5, 20260
EAEU integration helps member states withstand external shocks, says Russian deputy PM

EAEU integration helps member states withstand external shocks, says Russian deputy PM

During St. Petersburg International Economic Forum, Russian Deputy Prime Minister Alexey Overchuk emphasized importance of integration within Eurasian Economic Union to tackle challenges arising from Middle East crisis. He cautioned that UNCTAD forecasts indicate a slowdown in global trade by 2026, driven by geopolitical tensions and tariff wars.

BRIC Team

Jun 5, 2026•2 views
US economy adds 172,000 jobs in May as hospitality sector hires for World Cup

US economy adds 172,000 jobs in May as hospitality sector hires for World Cup

In May, U.S. economy saw an addition of 172,000 jobs, driven largely by hospitality sector, which accounted for 70,000 of those positions as businesses geared up for World Cup. However, despite this job growth, unemployment rate remained unchanged at 4.3%, sparking worries about consumer spending due to high costs linked to tournament.

BRIC Team

Jun 5, 2026•1 views
Iran's inflation reaches highest level since World War II, impacting food prices

Iran's inflation reaches highest level since World War II, impacting food prices

Inflation in Iran has hit a staggering 77.2 percent, marking the highest rate in 80 years, as reported by Central Bank of Iran. With prices for basic goods skyrocketing, many residents are feeling the pinch. Take 63-year-old Mashhadi Firouz, for instance; he now faces rice prices that have surged from 1.8 million rials to more than 5 million rials.

BRIC Team

Jun 5, 2026•2 views
India and U.S. set to execute first phase of trade pact by mid-July 2026

India and U.S. set to execute first phase of trade pact by mid-July 2026

India's Minister of Commerce and Industry, Piyush Goyal, revealed that U.S. and India are on track to finalize the first phase of their interim trade agreement by mid-July. This deal is designed to strengthen trade relations, featuring a reduction in U.S. tariffs on Indian goods from 50% to 18%, which will boost India's competitive position.

BRIC Team

Jun 5, 2026•2 views
View All Articles