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Hot October US CPI and hawkish Fed commentary pushed US and Canadian bond yields higher during the week. The Canadian 10-year yield rose to 3.88%, and the loonie fell to a one-month low of 70 cents US despite oil prices holding just below $90 a barrel.
A widening rate gap with the US weakens the Canadian dollar, which makes Canadian exports more competitive and raises the cost of US dollar-priced imports for Canadian buyers. Stronger US rate expectations also support the broad dollar.
actionforex.comTD Bank Financial GroupNov 14, 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.
