Canadian Dollar Hits 6-Month Low

2025-10-09 15:08 By Luisa Carvalho 1 min. read

The Canadian dollar weakened past 1.400 per US dollar, reaching the lowest since early April, amid a stronger dollar and declining oil prices.

Meanwhile, traders assessed the latest Fed minutes suggesting further rate cuts later this year, as uncertainty over the US government shutdown persisted.

In Canada, attention turns to the official September employment report on Friday, which is expected to show further labour market weakness, with the unemployment rate rising to 7.2% from 7.1%.

The data could provide fresh insights into the Bank of Canada’s rate outlook.

On the trade front, President Donald Trump said during Carney’s visit to the White House that he expects the US and Canada will eventually reach a trade deal, but provided few details on timing or terms.



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