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November 7, 2025
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Reuters: Canadian dollar snaps daily losing streak after surprise jobs gain

"The Canadian economy again generated more jobs than anticipated last month, suggesting that the economy is beginning to shrug off the tariff shock," Karl Schamotta, chief market strategist at Corpay, said in a note. "The Canadian dollar is driving higher and yields are climbing, suggesting that traders see the Bank of Canada waiting for longer before delivering a last cut in its easing cycle - if it delivers one at all."

Reuters: Canadian dollar snaps daily losing streak after surprise jobs gain