# Canadian dollar heads for worst week since September on weak jobs

> Canada’s employment fell by 4,700 in October, while the unemployment rate rose to 6.7%, missing economists’ expectations for job growth. The Canadian dollar dropped 0.7% on Friday and was on track for a 1.1% weekly decline as traders reduced expectations of a Bank of Canada rate increase.

- Date: 2026-11-06 · published 2026-11-07T09:09:58.639Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/85791-canadian-dollar-heads-for-worst-week-since-september-on-weak-jobs
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Weaker Canadian data and stronger U.S. employment figures widened the relative economic and rate outlook in favor of the U.S. dollar. This pressure on the Canadian dollar is supportive of USD/CAD.

## Sources

- qz.com: https://qz.com/canadian-dollar-worst-week-weak-jobs-data-110626

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