# Canadian dollar edges lower as investors await US policy updates

> The Canadian dollar weakened slightly to 1.3985 per US dollar on Thursday, extending a pullback from a seven-week high. Traders awaited Canada's October jobs data due Friday and clues on US policy after Democrats won control of both congressional chambers. US crude futures rose 2.7% to $90.47 a barrel after a sharp prior-day decline.

- Date: 2026-11-05 · published 2026-11-05T21:08:29.934Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/82412-canadian-dollar-edges-lower-as-investors-await-us-policy-updates
- 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 weaker loonie makes Canadian-origin feed inputs such as canola meal relatively cheaper for dollar-based buyers, while the oil rebound signals that energy prices remain sensitive to Iran war headlines.

## Read by commodity

- WTI: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-25 | [Canadian dollar hits 6-day low as investors await Fed minutes \| Financial Post](https://feedsoft.ai/events/41649-canadian-dollar-hits-6-day-low-as-investors-await-fed-minutes-financial-post.md) | +3.3% | -5.7% |
| WTI | 2026-07-30 | [Canadian Dollar consolidates as traders awaits US GDP and PCE data](https://feedsoft.ai/events/18593-canadian-dollar-consolidates-as-traders-awaits-us-gdp-and-pce-data.md) | -10.1% | +2.3% |
| WTI | 2022-12-20 | [Canadian dollar gains as investors weigh Bank of Japan’s policy shift - The Globe and Mail](https://feedsoft.ai/events/38457-canadian-dollar-gains-as-investors-weigh-bank-of-japan-s-policy-shift-the-globe.md) | +5.8% | +7.0% |
| WTI | 2026-10-27 | [Canadian Dollar edges lower vs firmer USD as bullish oil limits losses ahead of BoC, Fed](https://feedsoft.ai/events/17262-canadian-dollar-edges-lower-vs-firmer-usd-as-bullish-oil-limits-losses-ahead-of.md) | -1.0% | — |
| WTI | 2021-05-28 | [Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder](https://feedsoft.ai/events/47328-canadian-dollar-falls-as-investors-weigh-us-inflation-surge-markets-business.md) | +4.1% | +10.9% |

## Sources

- hk.marketscreener.com: https://hk.marketscreener.com/news/canadian-dollar-edges-lower-as-investors-await-us-policy-updates-ce785fddd980f323
- kitco.com: https://www.kitco.com/news/off-the-wire/2026-11-05/canadian-dollar-edges-lower-investors-await-us-policy-updates

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