Macro Finance
Canadian Dollar Weakens as Soft Jobs Data Dims Higher Rate Bets
Bloomberg Markets·October 9, 2026·1 min read
The Canadian dollar sank to its weakest level since April 2025 after a softer-than-expected reading of the nation's labor market reduced the odds of an interest-rate increase by the Bank of Canada. The currency's decline reflects growing expectations that the central bank will hold rates steady amid economic uncertainty.
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