# Canadian dollar records its biggest daily loss: Details

> The Canadian dollar fell 0.8% against the US dollar, its largest daily decline in nine months, after Canada lost 4,700 jobs in October and unemployment rose to 6.7%. Lower oil prices and a stronger US dollar added to the currency's losses; the article also reports higher US dollar rates in Iraqi currency markets and flood-related deaths in Erbil.

- Date: 2026-11-08 · published 2026-11-08T15:09:21.327Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/87652-canadian-dollar-records-its-biggest-daily-loss-details
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker oil prices and Canadian employment data pressured the Canadian dollar, making US-dollar-priced imports relatively more expensive for Canadian feed buyers.

## Read by commodity

- WTI: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |
| WTI | 2021-04-21 | [Canadian dollar sees biggest drop in nearly 2 months as oil falls](https://feedsoft.ai/events/47853-canadian-dollar-sees-biggest-drop-in-nearly-2-months-as-oil-falls.md) | +0.7% | +4.7% |
| WTI | 2021-11-22 | [Canadian dollar weekly losing streak continues - Business & Finance - Business Recorder](https://feedsoft.ai/events/44266-canadian-dollar-weekly-losing-streak-continues-business-and-finance-business.md) | -8.2% | -9.9% |
| WTI | 2022-03-29 | [Canadian dollar set to snap winning streak - Business & Finance - Business Recorder](https://feedsoft.ai/events/42498-canadian-dollar-set-to-snap-winning-streak-business-and-finance-business.md) | -3.5% | -4.4% |
| WTI | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | +4.1% | -0.4% |

## Sources

- alamssar.com: https://www.alamssar.com/503537

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