Canadian Dollar Weakens Against The Greenback As Weak Jobs Data Surprise Investors
MT newswire2026/10/09 17:5701:57 PM EDT, 10/09/2026 (MT Newswires) -- The Canadian dollar fell against the greenback on Friday afternoon as Canadian bond yields declined after a Statistics Canada report showed job numbers fell significantly. The drop was unexpected, with a Bloomberg survey showing a 10,000 consensus gain in September. However, the rise in the unemployment rate to 6.5% was in line with expectations. The US dollar was last seen up 0.3% against the loonie at CA$1.4273. The StatsCan Labour Force Survey for September showed a loss of 68,000 jobs, following a loss of 42,000 jobs in August. Bond yields fell and the Canadian dollar weakened as investor expectations for near-term interest rate increases were trimmed, said CIBC Senior Economist Andrew Grantham. US 10-year Treasury yields rose 2 basis points to 5.253%, while 30-year bonds edged up slightly to 5.612%. Comex gold futures for December advanced 1.5% to $4,219.50 per ounce. Oil prices were slightly higher in afternoon trade. West Texas Intermediate November futures benchmark rose 0.2% to $91.70 per barrel. December Brent crude futures edged up 0.06% to $104.34 per barrel.
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