# The Canadian dollar slides toward its worst week since September due to weak employment data

> The Canadian dollar fell on Friday after Statistics Canada reported that employment declined by 4,700 in October and the unemployment rate rose to 6.7%. The report also showed a drop in private-sector employment, while stronger US jobs data supported the US dollar.

- Date: 2026-11-06 · published 2026-11-07T00:11:48.344Z
- Category: macro · region Canada and United States · magnitude medium
- Page: https://feedsoft.ai/events/85055-the-canadian-dollar-slides-toward-its-worst-week-since-september-due-to-weak
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weak Canadian employment data relative to the United States weighs on the Canadian dollar and pushes USD/CAD higher.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- fr.qz.com: https://fr.qz.com/dollar-canadien-pire-semaine-faibles-donnes-emploi-110626

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