Weekly outlook
USD/CAD Forecast This Week (Week of Nov 9, 2026)
BiasForge's macro read going into the week
BullishUpdated Monday, November 9, 2026
This read can change during the week as data lands.
Bias may have changed since Monday. Live bias + invalidation levels in BiasForge Pro →
This week's outlook is being updated. The macro drivers below still apply; the new read goes up before the week opens.
Why
- Interest-rate differentials favour the US dollar over the Canadian dollar.
- Risk sentiment is helping the US dollar more than the Canadian dollar.
- Futures positioning (CFTC COT data) leans toward the US dollar.
Events that can move USD/CAD this week
| Date (UTC) | Time (UTC) | Currency | Event |
|---|---|---|---|
| Tue, Nov 10 | 13:30 | USD | US inflation (CPI) |
| Fri, Nov 13 | 13:30 | USD | US producer prices (PPI) |
What drives USD/CAD
USD/CAD moves with the gap between Fed and Bank of Canada rate expectations, and with oil, because crude is one of Canada's largest exports. A firmer oil price usually supports the Canadian dollar and weighs on the pair. Canadian jobs and inflation data and BoC decisions are the main home-side events, alongside the big US releases. The Canadian dollar also tends to soften when global risk sentiment turns negative.
Daily bias with invalidation levels is in BiasForge →
More weekly outlooks
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Direction. Not Signals. Educational macro analysis, not financial advice.