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 weakening toward a four-week low as stronger US inflation reinforces expectations for another Federal Reserve hike, with a larger December increase back in discussion. The Bank of Canada’s latest deliberations leave further tightening on the table, but policymakers’ cautious approach amid economic uncertainty is offering the loonie limited support. The next Canadian inflation report and incoming US data will help determine whether the two central banks face growing pressure to raise rates again.

• Fed policy signals: Further support for a larger December increase could lift USD/CAD, while a more measured message could ease pressure on CAD.
• Canadian inflation: Evidence that price pressures are spreading could strengthen expectations for another BoC hike and support the loonie.
• Canadian economic momentum: Stronger activity data could give the BoC greater room to tighten, while weaker figures could reinforce its cautious approach.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of November 11, 2026, USD/CAD is trading at 1.4246, representing a 0.42% shift in the last 24 hours. Today, the pair has traded within the 1.4179-1.4250 range.

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

The Canadian dollar's worth today is approximately US$0.7019, €0.6328, £0.5287, ¥112.21, CHF0.5849 and A$1.0248. 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 euro (+0.23%), British pound (+0.08%), Japanese yen (+0.40%), New Zealand dollar (+0.26%) and Swiss franc (+0.71%) while losing ground against the US dollar (-0.41%), Chinese yuan (-0.69%), Mexican peso (-0.51%), Indian rupee (-0.59%) and Australian dollar (-0.16%). CAD’s strongest move among the displayed crosses is against the Swiss franc, while its largest decline is against the Chinese yuan.

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 is rising as markets respond more strongly to the US inflation surprise than to the BoC’s conditional warning about further hikes. The US dollar rate today reflects firmer expectations for additional Fed tightening, while uncertainty surrounding Canada’s economy weighs on CAD to USD conversions. Although the BoC remains concerned about inflation, its cautious guidance has been insufficient to counter the greenback’s strength.

• US inflation surprise: Firmer-than-expected price growth strengthens the case for further Fed action.
• Larger December move: Renewed discussion of a bigger increase adds support to the US dollar.
• Cautious BoC guidance: Policymakers have left further hikes possible without committing to their timing.
• Canadian economic uncertainty: An unclear growth outlook limits confidence in a sustained CAD recovery.

Today's currency headlines

• USD: US dollar holds near a four-week high after upbeat inflation strengthens bets for another Fed hike, with a larger December move now back in discussion.
• CAD: Loonie weakens toward a four-week low even as the BoC says further hikes may be needed, with policymakers signalling caution amid economic uncertainty.
• EUR: Euro comes under pressure as German inflation slows and underlying price pressures ease, reducing some urgency around further ECB tightening.
• GBP: Sterling trades cautiously as markets shift attention to Thursday’s UK GDP and production data for a read on economic momentum after the BoE hike.
• JPY: Yen weakens toward a six-week low despite BoJ calls for faster hikes as markets remain uncertain over how quickly tightening will actually proceed.
• AUD: Aussie near a seven-month low as weak consumer sentiment and a fall in home lending deepen concerns about domestic demand, reinforcing dovish RBA bets.