# Canadian bond yields fall as weak jobs data cool Bank of Canada rate hike outlooks

> Canadian government bond yields declined after October employment data showed the economy lost 4,700 jobs and the unemployment rate rose to 6.7% from 6.5%. The two-year yield fell 2.8 basis points to 3.128%, while the 10-year yield dropped 1.4 basis points to 3.652%.

- Date: 2026-11-06 · published 2026-11-06T15:10:43.420Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/84156-canadian-bond-yields-fall-as-weak-jobs-data-cool-bank-of-canada-rate-hike
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker labor data reduced expectations for further Bank of Canada tightening, putting downward pressure on Canadian yields. This can weigh on the Canadian dollar relative to the US dollar and increase the CAD cost of imported feed inputs.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- ca.investing.com: https://ca.investing.com/news/stock-market-news/canadian-bond-yields-fall-as-weak-jobs-data-cool-bank-of-canada-rate-hike-outlooks-4939417

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