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Canadian Dollar Today: USD/CAD Rate, News & Forecast

Author avatar for Ash Abbasi
Ash Abbasi
July 16, 2026
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Daily FX Alerts

Current Rate

1.4013

Trading Range

1.4003 - 1.4043

Low

1.4003

High

1.4043

Today's Currency Headlines

  • USD: US dollar loses its overnight recovery, though geopolitical tensions limit further weakness.
  • CAD: Loonie stays broadly supported as renewed oil-supply concerns strengthen its advantage.
  • EUR: Euro edges lower against CAD, with hawkish ECB signals limiting losses for now.
  • GBP: Sterling falls to weekly lows as sustained Canadian dollar strength weighs on GBP.
  • JPY: Yen remains near multi-week lows against CAD despite persistent intervention risks.
  • AUD: Aussie slides to monthly lows against CAD as worsening risk sentiment pressures AUD.

Where's the USD/CAD Trading Today?

July 17, 20261.4013 CAD$1 CAD = 0.7136 USD
https://content.mtfxgroup.com/uploads/chart_column_increasing02_84f5cf6bf2_428c7ab76d.svg

Daily Range:

Today’s USD/CAD daily range is between a low of 1.4003 and a high of 1.4043.

https://content.mtfxgroup.com/uploads/line_chart_1e7340d114_0d57ff05c1.svg

Recent Trend:

Canadian dollar holds near multi-week highs as softer US inflation and firmer crude keep USD/CAD under pressure despite overnight stabilization.

https://content.mtfxgroup.com/uploads/shield_new_c759469ff2_1_805a721402_50280e77b1.svg

Short-Term Outlook:

USD/CAD retains a cautious downside bias, with today’s US PPI and Empire State data followed by the BoC decision and press conference.

Table of Contents

USD/CAD Daily Trading Range

Today, July 17, 2026, USD/CAD is trading between 1.4003 and 1.4043. The current rate of 1.4013 is 0.0010 above the day’s low and 0.0029 below the day’s high. It is currently positioned 26% of the way through today’s range, with a midpoint of 1.4023.

Current Rate

1.4013

Change Today

-0.20%
1.4013Daily LOW1.4003Daily HIGH1.4043
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July 17, 2026 - USD/CAD Headlines: USD recovery fades as oil supports CAD

USD/CAD has edged lower after failing to hold its overnight recovery, with the US dollar rate today still struggling for direction following this week’s softer inflation data. Attention now turns to US housing starts, building permits and industrial production for fresh signals on the economy and Federal Reserve outlook. Meanwhile, the Canadian dollar rate today remains supported by rising crude prices as escalating US-Iran tensions revive concerns over disruption to oil supplies through the Strait of Hormuz. However, the same geopolitical risks are generating some safe-haven demand for USD, helping limit further downside in the pair.

USD/CAD Daily Performance

As of July 17, 2026, USD/CAD is trading at 1.4013, representing a -0.20% shift in the last 24 hours. The pair is likely to trade within the 1.4003–1.4043 range.

CURRENT RATE

1.40134

DAILY CHANGE %

-0.20%

DAY'S LOW

1.4003

DAY'S HIGH

1.4043

USD/CAD Performance Year to Date

1 day-0.20%
1 week-1.08%
1 month-0.61%
3 months+2.37%
6 months+0.72%
1 year+1.90%
View USD/CAD historical rates
Last UpdatedJul 17, 2026, 10:32 EDT

We use mid-market rates. This is for informational purposes only.

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Upcoming USD/CAD Economic Events

In today’s daily FX spotlight, the economic calendar is led by US housing starts, building permits and industrial production, which will provide fresh insight into construction activity and broader economic momentum. Stronger readings could support the US dollar today by reinforcing confidence in the economy, while weaker data may add to recent pressure on the greenback. Attention will then turn to the Michigan Consumer Sentiment Index for signals on household confidence and inflation expectations, with any sharp surprise likely to influence Federal Reserve rate expectations and overall currency-market direction.

Global FX Rates Against the Canadian Dollar

CurrencyRatesHighLowDaily
ca
USD
1.4013
1.4043
1.4003

-0.20%

ca
EUR
1.6023
1.6069
1.6009

-0.24%

ca
GBP
1.8853
1.8923
1.8824

-0.30%

jp
JPY
115.94
116.08
115.55

0.30%

cn
CNY
4.8371
4.8399
4.8187

0.23%

mx
MXN
12.51
12.52
12.41

0.81%

in
INR
68.74
68.83
68.58

0.24%

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FAQs

As of July 17, 2026, the USD/CAD exchange rate is 1.4013, meaning one US Dollar buys approximately 1.4013 CAD. The pair opened at 1.4042, compared with its previous close of 1.4042, and has moved -0.20% today.

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USD/CAD right now1.40134
0.20%