Current rate
1.5709 0.11%
0.11%
Expected trading range1.5627 - 1.5762
USD/CAD
Current Rate:
1.3948
Last updated:Nov 05, 2026, 01:03 a.m. ET
Expected Trading range
1.39051.4019
What's happening to the Canadian dollar today?
Canadian dollar news - The Canadian dollar (CAD) is strengthening modestly as broad US dollar weakness and a hawkish Bank of Canada backdrop support the loonie. Markets are also watching Canada’s trade balance and services PMI for fresh evidence on domestic momentum. Meanwhile, the US dollar has fallen to monthly lows after the Democrats won control of the Senate and Congress, with attention now shifting to ADP employment and ISM services data.
- Canadian data could drive the next CAD move: Stronger trade or services figures could reinforce confidence in the domestic economy and support the loonie.
- BoC policy remains supportive: A hawkish Bank of Canada outlook continues to provide an underlying tailwind for CAD.
- US data could influence USD direction: ADP employment and ISM services figures could determine whether the greenback extends its decline or begins to recover.
Where is the USD/CAD exchange rate trading today?
Current exchange rate
1.3948
Daily low
1.3947
Daily high
1.3977
Weekly change
-0.29%
Monthly change
-2.10%
3 months
-0.81%
6 months
+2.38%
Yearly change
-1.10%
We use mid-market rates. This is for informational purposes only.
Updated: Nov 05, 2026, 01:03 a.m. ET
Canadian dollar today - Rate, outlook and daily drivers
As of November 5, 2026, USD/CAD is trading at 1.3948, representing a -0.21% shift in the last 24 hours. Today, the pair has traded within the 1.3947-1.3977 range.
What is the Canadian dollar worth today against USD and other currencies?
The Canadian dollar's worth today is approximately US$0.7169, €0.6366, £0.5314, ¥113.17, CHF0.5838 and A$1.0230. These are indicative market rates and may differ from the rate available when exchanging money.
Is the Canadian dollar up or down today against USD and other currencies?
The Canadian dollar is essentially unchanged against British pound (-0.03%) and Mexican peso (+0.03%), gaining against the US dollar (+0.21%), Indian rupee (+0.51%) and Australian dollar (+0.08%) while losing ground against the euro (-0.11%), Japanese yen (-0.11%), Chinese yuan (-0.27%), New Zealand dollar (-0.21%) and Swiss franc (-0.13%). CAD’s strongest move among the displayed crosses is against the Indian rupee, while its largest decline is against the Chinese yuan.
For a broader view of the currency moves and the events ahead, see our weekly Canadian dollar outlook.
Why is USD/CAD rising or falling today?
USD/CAD remains under pressure as broad US dollar weakness combines with continued support for the Canadian dollar from a hawkish Bank of Canada. The CAD to USD rate is benefiting from the softer greenback, while Canadian markets await trade and services data for the next domestic catalyst. The US dollar rate today remains under pressure near monthly lows, with investors now focused on ADP employment and ISM services figures.
- Broad USD weakness pressures USD/CAD: The greenback has fallen to monthly lows following the US election outcome.
- The BoC remains supportive for CAD: A hawkish policy stance continues to strengthen the loonie’s underlying backdrop.
- Canadian data is in focus: Trade balance and services PMI could provide fresh direction for CAD.
- US labour and services data could shift sentiment: ADP employment and ISM services may determine whether USD weakness continues.
Upcoming USD/CAD economic events
Economic calendar as of Nov 05, 2026, 01:03 a.m. ET
Today’s focus is on US employment and North American services activity. ADP employment will offer an early read on the US labour market, while Canada’s trade balance and services PMI could influence CAD. US services PMIs will also be closely watched for signs of economic momentum and the outlook for Fed policy
EventImpact
Initial Jobless Claims
Medium
BoC Governor Macklem's Speech
High
Economic calendar times are shown in ET. Event schedules and impact levels may change.
Planning a USD/CAD conversion?
Compare today’s CAD to USD rate and get the best exchange rates.
Today's currency headlines
- USD: US dollar falls to monthly lows after Democrats win control of Senate and Congress, with markets now focused on ADP employment and ISM services data.
- CAD: Loonie strengthens modestly ahead of Canada’s trade balance and services PMI, while the hawkish BoC and greenback's broad softness lends support.
- EUR: Euro strengthens as USD weakens and euro-area inflation rises to 4.0%, reinforcing expectations that the ECB could raise rates again in December.
- GBP: Sterling trades near seven-week highs ahead of Thursday’s Bank of England decision, with markets expecting a 25-bps rate hike to 4.0%.
- JPY: Yen recovers from a three-week low as intervention risks encourage short-covering, while markets await fresh signals from BoJ meeting minutes.
- AUD: Aussie rebounds after the RBA’s rate hike, while stronger-than-expected household spending adds evidence of resilient domestic demand.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Nov 05, 2026, 01:03 a.m. ET
USD / CAD
Current Rate
1.3948
Daily Change
-0.21%
EUR / CAD
Current Rate
1.5709
Daily Change
0.11%
GBP / CAD
Current Rate
1.8819
Daily Change
0.03%
CAD / JPY
Current Rate
113.17
Daily Change
-0.11%
CAD / CNY
Current Rate
4.7646
Daily Change
-0.27%
CAD / MXN
Current Rate
13.31
Daily Change
0.03%
CAD / INR
Current Rate
67.73
Daily Change
0.51%
NZD / CAD
Current Rate
0.7869
Daily Change
0.22%
CAD / CHF
Current Rate
0.5838
Daily Change
-0.13%
AUD / CAD
Current Rate
0.9776
Daily Change
-0.08%
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Canadian dollar today against EUR, GBP & JPY
As of November 5, 2026
EUR/CAD news and daily outlook
EUR/CAD remains supported as euro-area inflation rises to 4.0% and strengthens expectations for another ECB rate hike, while CAD also benefits from a hawkish BoC backdrop.
GBP/CAD news and daily outlook
GBP/CAD remains firm near recent highs as markets expect the Bank of England to raise rates to 4.0% on Thursday, while CAD stays supported by BoC policy.
Current rate
1.8819 0.03%
0.03%
Expected trading range1.8747 - 1.8896
CAD/JPY news and daily outlook
CAD/JPY remains supported despite a modest yen recovery, as CAD benefits from a hawkish BoC while intervention risks and BoJ policy expectations support JPY.
Current rate
113.17 -0.11%
-0.11%
Expected trading range112.75 - 113.76
Useful USD/CAD tools and forecasts
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FAQs
As of November 5, 2026, USD/CAD is trading at 1.3948, meaning one US Dollar buys approximately 1.3948 CAD.
The USD to CAD exchange rate is 1.3948. The pair opened at 1.3977 and has moved -0.21% today.
USD/CAD is down by -0.21% today, with short-term market sentiment currently bearish. A falling USD/CAD rate indicates a stronger Canadian dollar, while a rising rate indicates a weaker Canadian dollar.
The USD/CAD typically responds to Fed and BoC interest rate expectations, oil prices and economic data. Today, the pair is down by -0.21%, with a bearish short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
USD/CAD has moved -2.10% over the past month and +1.65% year-to-date. It is currently trading below its 50-day moving average of 1.4100. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement. You can check out the multi-month Canadian dollar forecast to analyze trends and make informed decisions.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a USD-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in US dollars. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
