# Canadian Dollar Weakens on US Dollar Safe-Haven Demand

> The Canadian dollar weakened past C$1.40 per US dollar as safe-haven demand supported the US dollar following a sharp selloff in US equities. October data showed Canada lost 4,700 jobs, missing expectations for job growth, while US payrolls increased by 165,000, above forecasts; the article also notes election-related market concerns and earlier Canadian employment figures.

- Date: 2026-11-06 · published 2026-11-06T15:10:43.342Z
- Category: macro · region United States and Canada · magnitude low
- Page: https://feedsoft.ai/events/84155-canadian-dollar-weakens-on-us-dollar-safe-haven-demand
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The employment divergence and stronger US dollar support a higher USD/CAD exchange rate, while weaker Canadian labor conditions may reduce expectations for further Bank of Canada tightening. A weaker Canadian dollar can raise the cost of imported feed and commodity inputs.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- ko.tradingeconomics.com: https://ko.tradingeconomics.com/canada/currency/news/599140

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