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The Canadian dollar fell 0.8% against the US dollar on Friday, its largest daily decline since January, after Canadian data showed job losses for a third consecutive month. October employment fell by 4,700 and unemployment rose to 6.7%, reducing market expectations for a December Bank of Canada rate hike.
Weaker employment and lower expectations for interest-rate increases put downward pressure on the Canadian dollar, making US-dollar-priced imports more expensive for Canadian buyers.
be.marketscreener.comReutersNov 6, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
