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Canadian Dollar Steadies Amid U.S. Job Cuts and Rate Uncertainty

11/7/2025

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Summary

Story summary

The Canadian dollar stabilized around 1.4110 per United States dollar, pressured by weak United States job data and expectations of a Federal Reserve rate cut.
U.S. employers announced over 150,000 job cuts in October, the highest for that month in over 20 years.
Federal Reserve Chair Jerome Powell cautioned that a December rate cut is uncertain.
Canada's Ivey Purchasing Managers Index fell to 52.4.

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Story summary

The Canadian dollar stabilized around 1.4110 per United States dollar, pressured by weak United States job data and expectations of a Federal Reserve rate cut.
U.S. employers announced over 150,000 job cuts in October, the highest for that month in over 20 years.
Federal Reserve Chair Jerome Powell cautioned that a December rate cut is uncertain.
Canada's Ivey Purchasing Managers Index fell to 52.4.