Business
Paying overseas suppliers?
Protect margins with competitive exchange rates.
Daily brief - Canadian dollar weakens as oil reverses from recent highs
The Canadian dollar rate today is broadly softer as oil retreats sharply from its recent peak, weakening a key source of support for the loonie. CAD is losing ground to USD, GBP, JPY and AUD, trading close to flat versus EUR, and outperforming CHF. US CPI and Michigan consumer sentiment are today’s immediate catalysts, followed by Canadian CPI on Monday.
USD/CAD
Current Rate:
1.3869
Last updated:Sep 11, 2026, 07:51 p.m. ET
Actual Trading range
1.38221.3884
Personal
Sending money overseas?
Find the best rate available for your transfer.
Today's currency headlines
- USD: US dollar edges higher ahead of August CPI after hotter producer inflation strengthens expectations of a Federal Reserve rate hike next week.
- CAD: Canadian dollar underperforms as oil retreats sharply from four-month highs, with US CPI and Monday’s Canadian inflation report in focus.
- EUR: Euro remains pressured despite yesterday’s ECB rate increase as stronger Fed hike expectations overshadow the central bank’s hawkish signal.
- GBP: Sterling holds steady after UK GDP grows 0.4% in July, but firmer Federal Reserve hike bets and today’s caution ahead of US CPI cap gains.
- JPY: Yen firms as markets anticipate another BoJ rate increase next week, although elevated US yields continue to limit broader gains.
- AUD: Aussie advances modestly as oil-driven inflation risk reinforces RBA hike expectations, while weaker global risk sentiment caps demand.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 11, 2026, 07:51 p.m. ET
The Canadian dollar is essentially unchanged against none, gaining against the Swiss franc while losing ground against the US dollar, euro, British pound, Japanese yen, Indian rupee, New Zealand dollar and Australian dollar. CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the Chinese yuan.
USD / CAD
Current Rate
1.3869
Daily Change
0.26%
EUR / CAD
Current Rate
1.6084
Daily Change
0.21%
GBP / CAD
Current Rate
1.8760
Daily Change
0.47%
CAD / JPY
Current Rate
110.63
Daily Change
-0.84%
CAD / CNY
Current Rate
4.8201
Daily Change
-0.85%
CAD / MXN
Current Rate
12.32
Daily Change
0.31%
CAD / INR
Current Rate
68.90
Daily Change
-0.51%
NZD / CAD
Current Rate
0.8060
Daily Change
0.54%
CAD / CHF
Current Rate
0.5883
Daily Change
0.11%
AUD / CAD
Current Rate
0.9944
Daily Change
0.50%
Is now a good time to convert CAD to USD?
Compare rates, review the trading range, and consider using rate alerts or specialist FX support.
What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 11, 2026, 07:51 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.26%Weekly change
+0.54%Monthly change
−0.39%3 months change
−0.69%6 months change
+2.03%Yearly change
+0.27%We use mid-market rates. This is for informational purposes only.
As of September 11, 2026, USD/CAD is trading at 1.3869, representing a 0.26% shift in the last 24 hours. The pair is likely to trade within the 1.3822-1.3884 range.
USD/CAD is moving higher as the pullback in oil weakens CAD while firmer Fed tightening expectations support USD. The US dollar rate today is slightly firmer after hotter producer inflation increased the likelihood of a September rate increase, with August CPI now set to determine whether that repricing holds.
The weaker CAD to USD backdrop also reflects profit-taking in crude following its Middle East-driven surge. Near-term direction will depend on the inflation result, Treasury yields and whether oil stabilizes.
- US CPI is today’s main catalyst: Headline inflation is expected to remain elevated, with a stronger result likely to reinforce Fed hike expectations and lift USD/CAD.
- Oil has surrendered part of its recent surge: Crude’s sharp retreat removes immediate support from Canada’s terms of trade, although continuing Middle East supply risks could limit further declines.
- Consumer expectations could influence yields: Michigan consumer sentiment and inflation expectations may amplify the CPI reaction by shaping the market’s longer-term view of US price pressures.
- Canadian inflation is the next domestic test: Monday’s CPI report will help determine whether the Bank of Canada’s hawkish stance can provide renewed support for CAD.
Planning a USD/CAD conversion?
Compare today’s CAD to USD rate and get the best exchange rates.
Upcoming USD/CAD economic events
Economic calendar as of Sep 11, 2026, 07:51 p.m. ET
- US Inflation Rate: Measures annual consumer-price growth, with stronger inflation generally supporting USD by reinforcing expectations for tighter Fed policy.
- US Michigan Consumer Sentiment: Gauges household confidence, while its inflation-expectations readings can influence Fed expectations and the US dollar.
EventImpact
Inflation Rate YoY (Aug)
High
ADP Employment Change Weekly
Medium
NY Empire State Manufacturing Index (Sep)
Medium
Wholesale Sales MoM (Jul)
Medium
Economic calendar times are shown in ET. Event schedules and impact levels may change.
Waiting for a better US dollar exchange rate?
Protect margins, plan FX costs, and access competitive exchange rates.
Canadian dollar today against EUR, GBP & JPY
As of September 11, 2026
EUR/CAD news and daily outlook
EUR/CAD is trading narrowly as yesterday’s ECB rate increase supports the euro, while CAD weakness from lower oil limits downside. US CPI will drive near-term volatility before Monday’s Canadian inflation report.
Current rate
1.6084 0.21%
Low1.6041
High1.6118
Trading Range1.6041-1.6118
GBP/CAD news and daily outlook
GBP/CAD is edging higher after stronger UK GDP supports sterling and falling oil weighs on CAD. US CPI is today’s immediate catalyst, followed by Canadian inflation on Monday.
Current rate
1.8760 0.47%
Low1.8668
High1.8783
Trading Range1.8668-1.8783
CAD/JPY news and daily outlook
Yen is strengthening against CAD as hawkish BoJ expectations and firmer Japanese producer prices outweigh pressure from elevated US yields. Lower oil adds to CAD/JPY downside ahead of US and Canadian inflation data.
Current rate
110.63 -0.84%
Low110.53
High111.74
Trading Range110.53-111.74
Useful USD/CAD tools and forecasts
Compare current rates, review historical trends and plan your next currency transfers.
Get currency alerts delivered straight to your inbox.
FAQs
As of September 11, 2026, USD/CAD is trading at 1.3869, meaning one US Dollar buys approximately 1.3869 CAD.
The USD to CAD exchange rate is 1.3869. The pair opened at 1.3833 and has moved 0.26% today.
USD/CAD is up by 0.26% 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 0.26%, 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 -0.39% over the past month and +1.07% year-to-date. It is currently trading below its 50-day moving average of 1.3900. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
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.
