Current rate
1.5715 0.15%
0.15%
Expected trading range1.5610 - 1.5773
USD/CAD
Current Rate:
1.3995
Last updated:Nov 05, 2026, 02:03 p.m. ET
Expected Trading range
1.39011.4048
What's happening to the Canadian dollar today?
Canadian dollar news - The Canadian dollar (CAD) is holding near seven-week highs after Canada’s trade surplus widened, while a hawkish Bank of Canada continues to provide underlying support. Lower oil prices are limiting further gains, but broad US dollar weakness is helping keep the loonie firm. Markets are now looking to Governor Tiff Macklem’s remarks for fresh guidance on the Canadian policy outlook, while US jobless claims could influence the greenback.
- Macklem’s remarks could drive CAD: A hawkish message would reinforce expectations for restrictive Canadian monetary policy and could support further loonie gains.
- Oil prices remain a potential headwind: Further weakness in crude could limit CAD strength despite the supportive domestic policy backdrop.
- US labour data could shift USD direction: Initial jobless claims could influence expectations for the Fed’s next move and determine whether USD weakness continues.
Where is the USD/CAD exchange rate trading today?
Current exchange rate
1.3995
Daily low
1.3942
Daily high
1.4005
Weekly change
+0.04%
Monthly change
-1.86%
3 months
-0.09%
6 months
+2.76%
Yearly change
-0.80%
We use mid-market rates. This is for informational purposes only.
Updated: Nov 05, 2026, 02:03 p.m. ET
Canadian dollar today - Rate, outlook and daily drivers
As of November 5, 2026, USD/CAD is trading at 1.3995, representing a 0.13% shift in the last 24 hours. Today, the pair has traded within the 1.3943-1.4006 range.
What is the Canadian dollar worth today against USD and other currencies?
The Canadian dollar's worth today is approximately US$0.7145, €0.6363, £0.5309, ¥112.66, CHF0.5825 and A$1.0294. 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 none, gaining against the New Zealand dollar (+0.12%) and Australian dollar (+0.71%) while losing ground against the US dollar (-0.13%), euro (-0.15%), British pound (-0.13%), Japanese yen (-0.56%), Chinese yuan (-0.45%), Mexican peso (-0.19%), Indian rupee (-0.26%) and Swiss franc (-0.34%). CAD’s strongest move among the displayed crosses is against the Australian 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 USD/CAD rising or falling today?
USD/CAD remains under pressure as the Canadian dollar holds near seven-week highs while the US dollar trades close to monthly lows. The CAD to USD rate continues to benefit from Canada’s improved trade position, a hawkish Bank of Canada and broad greenback weakness. However, lower oil prices are preventing stronger CAD gains. The US dollar rate today remains subdued as markets assess resilient US economic activity and the possibility of another Federal Reserve rate hike.
- Canada’s trade surplus widens: The stronger trade position provides additional support for the Canadian dollar.
- A hawkish BoC supports CAD: Expectations for restrictive monetary policy continue to underpin the loonie.
- Lower oil prices limit CAD gains: Softer crude prices are offsetting some of the support from Canadian fundamentals.
- USD remains near monthly lows: Broad greenback weakness continues to pressure USD/CAD ahead of US jobless claims.
Upcoming USD/CAD economic events
Economic calendar as of Nov 05, 2026, 02:03 p.m. ET
Today’s focus is on US jobless claims and Bank of Canada Governor Tiff Macklem’s parliamentary appearance. Claims will provide another read on US labour-market conditions, while Macklem’s comments could influence CAD if he offers fresh guidance on inflation, growth or the outlook for further BoC tightening.
EventImpact
Nonfarm Payrolls (Oct)
High
Unemployment Rate (Oct)
High
Employment Change (Oct)
High
Unemployment Rate (Oct)
High
Michigan Consumer Sentiment (Nov, Prelim)
Medium
Ivey PMI (Oct)
Medium
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 remains near monthly low after the Democratic midterm sweep, while resilient US activity keeps a Fed hike in play ahead of jobless claims.
- CAD: Canadian dollar holds near seven-week highs after trade surplus widens, hawkish BoC counters lower oil capping further gains ahead of Macklem’s remarks.
- EUR: Euro strengthens as euro-area inflation reaches 4.0%, reinforcing expectations for another ECB rate hike in December despite softer manufacturing momentum.
- GBP: Sterling trades near seven-week highs after the Bank of England raises rates by 25 bps to 4.0%, with future tightening remaining data-dependent.
- JPY: Yen strengthens as BoJ minutes show policymakers favour further hikes, reinforcing expectations that another increase could come as soon as December.
- AUD: Aussie holds above modest gains as trade surplus widens sharply, adding to support from the RBA’s recent rate hike and resilient household spending.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Nov 05, 2026, 02:03 p.m. ET
USD / CAD
Current Rate
1.3995
Daily Change
0.13%
EUR / CAD
Current Rate
1.5715
Daily Change
0.15%
GBP / CAD
Current Rate
1.8837
Daily Change
0.13%
CAD / JPY
Current Rate
112.66
Daily Change
-0.56%
CAD / CNY
Current Rate
4.7676
Daily Change
-0.45%
CAD / MXN
Current Rate
13.37
Daily Change
-0.19%
CAD / INR
Current Rate
67.52
Daily Change
-0.26%
NZD / CAD
Current Rate
0.7843
Daily Change
-0.12%
CAD / CHF
Current Rate
0.5825
Daily Change
-0.34%
AUD / CAD
Current Rate
0.9714
Daily Change
-0.71%
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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 higher euro-area inflation keeps another ECB rate hike in focus, while CAD holds near seven-week highs on a hawkish BoC and stronger trade data.
GBP/CAD news and daily outlook
GBP/CAD remains firm after the Bank of England raised rates to 4.0%, while CAD stays supported by a hawkish BoC despite softer oil prices limiting further gains.
Current rate
1.8837 0.13%
0.13%
Expected trading range1.8714 - 1.8917
CAD/JPY news and daily outlook
CAD/JPY faces some pressure as BoJ minutes reinforce expectations for another Japanese rate hike, while CAD remains supported by its strong trade backdrop and hawkish BoC policy.
Current rate
112.66 -0.56%
-0.56%
Expected trading range112.30 - 113.86
Useful USD/CAD tools and forecasts
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FAQs
As of November 5, 2026, USD/CAD is trading at 1.3995, meaning one US Dollar buys approximately 1.3995 CAD.
The USD to CAD exchange rate is 1.3995. The pair opened at 1.3977 and has moved 0.13% today.
USD/CAD is up by 0.13% today, with short-term market sentiment currently bullish. 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 up by 0.13%, with a bullish 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 -1.86% over the past month and +2.00% 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.
