The Canadian dollar is taking a beating this week. We're looking at the biggest weekly decline in 11 months, and the culprit? Rising jobless numbers. When employment data disappoints, it typically pressures the currency as investors reassess economic growth prospects. For those watching macro factors that ripple through crypto markets, this kind of labor market weakness often correlates with broader risk-off sentiment. Keep an eye on how central banks respond to these employment trends—policy shifts usually follow, and that's when volatility picks up across asset classes.