Canadian Dollar Today: USD/CAD Rate, Daily Outlook & News

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?

Canadian dollar today - Rate, outlook and daily drivers

As of November 4, 2026, USD/CAD is trading at 1.3952, representing a -0.41% shift in the last 24 hours. Today, the pair has traded within the 1.3928-1.4014 range.

What is the Canadian dollar worth today against USD and other currencies?

The Canadian dollar's worth today is approximately US$0.7167, €0.6371, £0.5318, ¥113.60, CHF0.5858 and A$1.0217. 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 Swiss franc (-0.01%), gaining against the US dollar (+0.41%), Japanese yen (+0.35%) and Chinese yuan (+0.38%) while losing ground against the euro (-0.17%), British pound (-0.14%), Mexican peso (-0.37%), Indian rupee (-0.18%), New Zealand dollar (-0.41%) and Australian dollar (-0.32%). CAD’s strongest move among the displayed crosses is against the US dollar, while its largest decline is against the New Zealand dollar.

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.

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.