# Canadian Dollar Weakens as Oil Prices Drop

> Canadian dollar falls against most G10 currencies as oil prices drop.
- Title: Canadian Dollar Weakens as Oil Prices Drop · mint | Shortify
- Summary: Canadian dollar falls against most G10 currencies as oil prices drop. Canadian dollar underperforms most G10 currencies due to falling oil prices and weak…
- Keywords: canadian dollar, g10 currencies, oil prices, bank of canada, unemployment rate, interest rates, mint
- Source: mint — https://livemint.com/market/canadian-dollar-underperforms-most-g10-currencies-as-oil-falls-11794252780817.html
- Published: 2026-11-09T19:33:00+00:00
- Read time: 1 min
- Topics: canadian dollar, g10 currencies, oil prices, bank of canada, unemployment rate, interest rates, money, business
## Canadian dollar steady
Canadian dollar steadied against US dollar at 1.4135 per US dollar.
## Oil prices fall
US crude oil futures dropped 3.5% to $87.64 a barrel.
## Job data weakens
Canadian unemployment rose to 6.7% in October, a six-month high.
## Interest rate expectations
Investors see 40% chance of Bank of Canada rate hike in December.
## Key takeaway

Canadian dollar underperforms most G10 currencies due to falling oil prices and weak job data.