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

What's happening to the Canadian dollar today?

Canadian dollar news - USD/CAD is holding near recent highs as hawkish Fed expectations support USD, while weaker Canadian retail sales and softer oil limit CAD demand. Today’s US durable goods orders and final consumer sentiment figures will test the pair’s upward bias, with Fed commentary providing an additional source of volatility.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of September 25, 2026, USD/CAD is trading at 1.4138, representing a 0.02% shift in the last 24 hours. Today, the pair has traded within the 1.4126-1.4154 range.

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

The Canadian dollar's worth today is approximately US$0.7073, €0.6204, £0.5339, ¥111.23, CHF0.5850 and A$1.0062. 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 US dollar (-0.02%), gaining against the none while losing ground against the euro (-0.21%), British pound (-0.26%), Japanese yen (-0.93%), Chinese yuan (-0.61%), Mexican peso (-0.31%), Indian rupee (-0.22%), New Zealand dollar (-0.14%), Swiss franc (-0.06%) and Australian dollar (-0.26%). CAD’s strongest move among the displayed crosses is against the US dollar, while its largest decline is against the Japanese yen.

For a broader view of the currency moves and the events ahead, see our weekly Canadian dollar outlook.

Why is the USD/CAD rising or falling today?

USD/CAD retains an upward bias as firm US rate expectations contrast with softer Canadian consumer demand. The US dollar rate today is consolidating ahead of durable goods and final sentiment figures, while the CAD to USD backdrop remains fragile after July retail sales contracted. Softer crude prices are also reducing commodity-linked support for CAD, leaving incoming US data to determine whether recent gains extend or begin to unwind.

• Fed expectations favour USD: Recent policy tightening and official commentary have kept the possibility of further rate increases alive, supporting relative US yields.
• Canadian spending lost momentum: Retail sales declined 0.7% in July and 1.1% by volume, indicating softer underlying demand despite an expected August rebound.
• Oil offers less protection: Crude prices have eased on renewed US-Iran agreement hopes, reducing an important source of support for the Canadian dollar.
• US data could shift momentum: Strong durable goods or sentiment figures could extend USD/CAD gains, while weaker releases may encourage a pullback.

Today's currency headlines

• USD: US dollar consolidates near weekly highs as hawkish Fed expectations persist, with durable goods orders and consumer sentiment due today.
• CAD: Canadian dollar remains near multi-month lows as weaker retail sales and softer oil reinforce concerns about domestic demand and policy support.
• EUR: Euro edges higher alongside a modest USD pullback, although hawkish Fed expectations limit conviction before today’s US economic data.
• GBP: Sterling edges higher against USD, but weaker UK activity data and cautious BoE guidance continue to restrict broader gains for now.
• JPY: Yen strengthens as intervention concerns and elevated Japanese yields encourage short-covering, despite uncertainty over BoJ tightening.
• AUD: Australian dollar remains subdued after unemployment rises, although expectations of an RBA rate hike next week are limiting further losses.