Canada’s Employment Change and Unemployment Rate figures landed at 12:30 UTC on August 7, 2026. In the hour that followed, the Canadian dollar drifted modestly lower against most peers, with CADJPY posting the largest move.
Where the CAD moved
CADJPY led the reaction, easing 0.15% from 113.10 to 112.92 β the standout mover on our feed.
CADCHF followed, slipping 0.09% from 0.5791 to 0.5785.
On the crosses where CAD is quoted second, the loonie gave up modest ground. AUDCAD rose 0.08% from 0.9855 to 0.9862, and GBPCAD added 0.06% from 1.8829 to 1.8840.
Moves further down were marginal: NZDCAD ticked up 0.03% from 0.8217 to 0.8220, while EURCAD was essentially flat, up 0.01% from 1.6143 to 1.6145.
What the reaction shows
The reaction was contained. Every pair moved less than two-tenths of a percent in the hour after the release, keeping the response firmly in muted territory.
The softness concentrated where CAD is the base currency β CADJPY and CADCHF β pointing to a slight, broad-based easing rather than a sharp repricing. The counter-CAD crosses (AUDCAD, GBPCAD) mirrored that with small upward drifts.
EURCAD’s near-flat print underscores how limited the overall move was. On our data, the employment and unemployment figures produced a gentle lean against the loonie rather than a decisive break.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
