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 stabilizing after last week’s sharp jobs-driven selloff, but the broader backdrop remains fragile following September’s employment decline. USD/CAD has pulled back as the US dollar retreats from recent highs, while markets wait for today’s US CPI and Canadian building permits to provide fresh direction. Inflation will be the larger catalyst, with the potential to quickly reshape expectations for the Federal Reserve.

• US CPI could determine the next USD/CAD move: A hotter inflation reading could revive expectations for another Fed hike and strengthen USD, while softer inflation may extend the pair’s pullback.
• Canadian building permits offer a domestic health check: A stronger reading could provide CAD with some relief by signalling resilience in construction activity after the recent deterioration in employment.
• Canada’s labour weakness remains a key risk: Further signs of slowing economic momentum could strengthen expectations for a softer Bank of Canada outlook and make it harder for CAD to sustain a recovery.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of October 14, 2026, USD/CAD is trading at 1.4239, representing a 0.17% shift in the last 24 hours. Today, the pair has traded within the 1.4197-1.4300 range.

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

The Canadian dollar's worth today is approximately US$0.7023, €0.6296, £0.5324, ¥111.22, CHF0.5863 and A$1.0073. 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 Chinese yuan (-0.02%), Indian rupee (-0.04%) and Australian dollar (-0.05%), gaining against the euro (+0.25%), British pound (+0.26%), Mexican peso (+0.51%), New Zealand dollar (+0.12%) and Swiss franc (+0.12%) while losing ground against the US dollar (-0.17%) and Japanese yen (-0.08%). CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the US dollar.

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 is pulling back as the US dollar retreats from 18-month highs while the Canadian dollar finds some stability following its sharp post-jobs decline. Markets have scaled back expectations for an immediate Fed hike, reducing some of the dollar’s recent momentum, but today’s US CPI could quickly change that picture. For CAD, attention is also turning to building permits for evidence that weakness in the labour market is spreading into other areas of the Canadian economy.

• Fed expectations have cooled slightly: Markets are less convinced that another rate increase is imminent, taking some pressure off CAD and other major currencies.
• US CPI is today’s main catalyst: Stronger inflation would reinforce the case for tighter Fed policy, while a softer reading could extend USD weakness.
• CAD is stabilizing after weak jobs data: The Canadian dollar is recovering modestly after September’s sharp employment decline triggered renewed concerns about domestic momentum.
• Building permits provide the next Canadian signal: Today’s release could show whether housing and construction activity are holding up despite softer labour-market conditions.

Today's currency headlines

• USD: US dollar pulls back from 18-month highs as markets reduce expectations for an immediate Fed hike, putting today’s US CPI firmly in control of the next move.
• CAD: Canadian dollar stabilizes after its post-jobs selloff, today’s building permits to offer a fresh read on domestic activity after September’s sharp jobs decline.
• EUR: Euro struggles to build a convincing recovery after Lagarde urges France to address debt problems through domestic policy, dampening expectations of ECB support.
• GBP: Sterling remains resilient after the IMF upgrades its UK growth outlook, although BoE Chief Economist Huw Pill pushes back against aggressive rate hike bets.
• JPY: Yen remains fragile, but Japan’s still-elevated wholesale inflation keeps expectations of further BoJ tightening alive and offers the currency some underlying support.
• AUD: Aussie holds steady after hawkish RBA minutes reinforce the possibility of further tightening, with upcoming employment report now the next major test.