# Canadian dollar hits nearly three-week low on surprise jobs loss

> The Canadian dollar fell to its weakest level in nearly three weeks after Canada reported a loss of 4,700 jobs in October and unemployment rose to 6.7%. Markets lowered the probability of a December Bank of Canada rate hike.

- Date: 2026-11-06 · published 2026-11-06T18:15:21.426Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/84490-canadian-dollar-hits-nearly-three-week-low-on-surprise-jobs-loss
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker Canadian employment data reduced expectations for tighter monetary policy, weighing on the loonie against the U.S. dollar.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- it.marketscreener.com: https://it.marketscreener.com/notizie/cambio-e-debito-canadesi-il-dollaro-canadese-tocca-il-minimo-da-quasi-tre-settimane-dopo-il-sorpre-ce785fd2dd8af72d
- theglobeandmail.com: https://www.theglobeandmail.com/investing/article-canadian-dollar-hits-nearly-three-week-low-on-surprise-jobs-loss/

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