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Saturday, April 11, 2026

Alert: CAD weakens on USD | Economic Update

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The Canadian dollar slipped 0.16% to about 1.38 per US dollar, pressured by a stronger greenback and easing geopolitical tensions. Hopes for a ceasefire in the Middle East pushed oil prices lower, undermining support for the commodity-linked loonie. Sentiment was further dampened by domestic data showing Canadian employment grew by just 14.1K, missing forecasts, while the jobless rate held at 6.7%, pointing to a softening labor market.


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