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ForexMedium•13 February 2026•

1 min read

Canadian Dollar Weakens Against USD Following Robust US Jobs Report

Donald Trump against maps of the US and Iran, with oil barrels, pipelines, derricks, and upward financial charts amidst flames.

The USD/CAD pair recorded modest gains on Friday, trading near the 1.3580 level as the US Dollar strengthened across the board. This upward movement followed the release of the US Non-Farm Payrolls (NFP) report, which showed job growth significantly exceeding market expectations. The robust employment data has reinforced the narrative of US economic resilience, leading traders to reconsider the timing of potential interest rate cuts by the Federal Reserve. Consequently, the Canadian Dollar faced downward pressure, slipping below the 1.3600 mark against its US counterpart. Market participants are now closely monitoring how these labor market dynamics will influence upcoming monetary policy decisions. The current economic divergence suggests continued upward momentum for the pair in the near term.