# Canadian dollar weakens, benchmark yield slips

> The Canadian dollar weakened slightly against the U.S. dollar on Monday, trading at about C$1.3986 per U.S. dollar. Canadian 10-year government bond yields fell 3.2 basis points to 3.767%, while U.S. December crude futures dropped $6.44 to $97.68 a barrel.

- Date: 2026-11-02 · published 2026-11-02T21:27:03.286Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/76201-canadian-dollar-weakens-benchmark-yield-slips
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp fall in crude prices eases energy-driven inflation pressure in Canada and lowers feed-input cost expectations tied to fuel and transport. The currency move is small and has limited direct effect on Canadian grain or oilseed export prices.

## Read by commodity

- WTI: bearish ▼
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-03-13 | [Canadian dollar weakens as trade war spooks investors](https://feedsoft.ai/events/25825-canadian-dollar-weakens-as-trade-war-spooks-investors.md) | -0.5% | -7.6% |
| WTI | 2017-01-27 | [Canadian dollar weakens as oil falls, investors brace for Poloz](https://feedsoft.ai/events/73216-canadian-dollar-weakens-as-oil-falls-investors-brace-for-poloz.md) | +0.2% | +1.1% |
| WTI | 2023-11-07 | [Canadian dollar weakens despite wider trade surplus - The Globe and Mail](https://feedsoft.ai/events/33410-canadian-dollar-weakens-despite-wider-trade-surplus-the-globe-and-mail.md) | -3.2% | -11.3% |
| WTI | 2020-01-24 | [Canadian dollar slips as oil prices fall on China virus scare](https://feedsoft.ai/events/55301-canadian-dollar-slips-as-oil-prices-fall-on-china-virus-scare.md) | -6.1% | -3.9% |
| WTI | 2023-04-17 | [Canadian dollar slips, pressured by Fed rate hike bets - The Globe and Mail](https://feedsoft.ai/events/36641-canadian-dollar-slips-pressured-by-fed-rate-hike-bets-the-globe-and-mail.md) | -5.7% | -15.2% |

## Sources

- ae.marketscreener.com: https://ae.marketscreener.com/news/canadian-dollar-weakens-benchmark-yield-slips-ce785fd9d989ff24
- marketscreener.com: https://www.marketscreener.com/news/canada-fx-debt-canadian-dollar-strengthens-benchmark-yield-slips-ce785fded88dff27

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.