# Canadian dollar edges lower before twin jobs reports

> The Canadian dollar edged lower against the US dollar on Thursday, with USD/CAD at C$1.3987 per US dollar. Bank of Canada Governor Tiff Macklem said further rate increases might be needed while stressing a cautious, meeting-by-meeting approach; Canadian and US October employment reports were due on November 6.

- Date: 2026-11-05 · published 2026-11-06T03:09:46.722Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/83245-canadian-dollar-edges-lower-before-twin-jobs-reports
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The prospect of higher Canadian interest rates could support the loonie, while upcoming employment data may shift expectations for both central banks. The reported currency move was modest, with no direct feed-commodity impact identified.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fxnews.ai: https://fxnews.ai/news/canadian-dollar-macklem-twin-jobs-reports-november-2026/

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