# Canadian dollar slides as U.S. dollar gains amid tech selloff and jobs uncertainty

> Canada lost 4,700 jobs in October, and its unemployment rate rose to 6.7%, while U.S. payrolls increased by 165,000. The Canadian dollar weakened against the U.S. dollar as the contrasting jobs reports supported the greenback and markets pushed back expectations for a Bank of Canada rate increase.

- Date: 2026-11-06 · published 2026-11-07T12:09:09.801Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/85891-canadian-dollar-slides-as-u-s-dollar-gains-amid-tech-selloff-and-jobs
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker Canadian economy and greater relative U.S. economic strength can widen support for the U.S. dollar, lifting USD/CAD. Currency moves may affect the cost of imported feed and crop inputs for Canadian buyers.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +1.0% | +1.7% |
| DXY | 2024-01-31 | [Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail](https://feedsoft.ai/events/32333-canadian-dollar-weakens-as-fed-rate-signal-offsets-gdp-gain-the-globe-and-mail.md) | +0.3% | +0.4% |
| DXY | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | -0.1% | -2.8% |
| DXY | 2024-11-06 | [Trump comeback drives gains in US stocks and dollar, Treasuries slide](https://feedsoft.ai/events/9517-trump-comeback-drives-gains-in-us-stocks-and-dollar-treasuries-slide.md) | +1.9% | +1.5% |
| DXY | 2016-11-14 | [Canadian dollar falls as investors buy into U.S. under Trump \| CBC News](https://feedsoft.ai/events/74058-canadian-dollar-falls-as-investors-buy-into-u-s-under-trump-cbc-news.md) | +1.4% | +0.8% |

## Sources

- ca.finance.yahoo.com: https://ca.finance.yahoo.com/news/canadian-dollar-slides-u-dollar-135318221.html

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