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Daily brief - Loonie rebounds but faces its first weekly loss since mid-July
The Canadian dollar rate today is recovering from overnight lows, gaining against USD, EUR, GBP and JPY while trailing AUD. Despite today’s recovery, escalating US-Canada trade tensions have left CAD facing its first weekly loss since mid-July. Canada’s GDP releases are the immediate domestic catalysts, followed by the US payroll revision and Warsh’s Jackson Hole speech.
USD/CAD
Current Rate:
1.3850
Last updated:Aug 28, 2026, 07:43 a.m. ET
Actual Trading range
1.38421.3859
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Today's currency headlines
- USD: US dollar remains steady, holds near a one-week high ahead of today’s payroll revision and Warsh’s Jackson Hole speech, which could reshape Fed rate expectations.
- CAD: Canadian dollar rebounds from overnight lows but faces its first weekly loss since mid-July as trade tensions persist, with today’s GDP release adding domestic risk.
- EUR: Euro turns slightly softer as the greenback stays firm before the labour revisions and Warsh’s address, although hawkish ECB expectations limit losses.
- GBP: Sterling drifts moderately lower as limited UK catalysts leave it exposed to dollar demand, energy-driven inflation support caps downside risk for now.
- JPY: Yen remains subdued despite firmer Tokyo inflation as markets await clearer BoJ tightening guidance and assess the remaining US-Japan yield gap.
- AUD: Australian dollar climbs near a three-month high and looks set for a ninth weekly gain as persistent inflation strengthens RBA rate hike expectations.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 28, 2026, 07:43 a.m. ET
The Canadian dollar is essentially unchanged against US dollar, Indian rupee, New Zealand dollar, Swiss franc and Australian dollar, gaining against the euro and British pound while losing ground against the Chinese yuan. CAD’s strongest move among the displayed crosses is against the Japanese yen, while its largest decline is against the Mexican peso.
USD / CAD
Current Rate
1.3850
Daily Change
-0.04%
EUR / CAD
Current Rate
1.6130
Daily Change
-0.06%
GBP / CAD
Current Rate
1.8815
Daily Change
-0.06%
CAD / JPY
Current Rate
115.29
Daily Change
0.26%
CAD / CNY
Current Rate
4.8516
Daily Change
-0.06%
CAD / MXN
Current Rate
12.24
Daily Change
-0.13%
CAD / INR
Current Rate
68.88
Daily Change
-0.04%
NZD / CAD
Current Rate
0.8237
Daily Change
-0.01%
CAD / CHF
Current Rate
0.5805
Daily Change
0.04%
AUD / CAD
Current Rate
0.9966
Daily Change
0.05%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 28, 2026, 07:43 a.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.04%Weekly change
+0.44%Monthly change
−1.82%3 months change
+0.49%6 months change
+1.56%Yearly change
+0.73%We use mid-market rates. This is for informational purposes only.
As of August 28, 2026, USD/CAD is trading at 1.3850, representing a -0.04% shift in the last 24 hours. The pair is likely to trade within the 1.3842-1.3859 range.
USD/CAD is edging lower as the Canadian dollar’s recovery from overnight lows outweighs steady demand for USD ahead of today’s major events. The US dollar rate today remains close to a one-week high before the payroll benchmark revision and Warsh’s Jackson Hole address. The CAD to USD backdrop has improved ahead of Canadian GDP, although persistent trade tensions are limiting the loonie’s recovery. Today’s data and policy signals could produce a sharper move in either direction.
- Canadian GDP is the immediate CAD test: Stronger growth would support CAD and pressure USD/CAD, while weaker figures could renew concerns about Canada’s economic outlook.
- Payroll revisions could reshape the US labour picture: A stronger employment history could support USD, while downward revisions may weaken Fed rate expectations.
- Warsh’s address carries significant policy risk: A firm inflation stance could lift US yields and USD, while less hawkish guidance may pressure the greenback.
- Trade tensions remain a CAD constraint: The unresolved US-Canada dispute continues to threaten Canadian exports, investment and business confidence.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 28, 2026, 07:43 a.m. ET
- US Jackson Hole Symposium: Chair Warsh’s speech could reshape Fed rate expectations and drive USD volatility.
- Canada GDP: Measures Canadian economic growth, with stronger-than-expected expansion generally supporting CAD.
- US Chicago PMI: Tracks Chicago-area business activity, with a stronger reading generally supporting USD.
- US Michigan Consumer Sentiment: Measures household confidence, with stronger sentiment typically supporting the US dollar.
EventImpact
GDP Annualized QoQ (Q2)
High
Chicago PMI (Aug)
Medium
Jackson Hole Economic Policy Symposium: Fed Chair Warsh Speech
High
Michigan Consumer Sentiment (Aug, Final)
High
S&P Global Manufacturing PMI (Aug)
Medium
S&P Global Manufacturing PMI (Aug, Final)
Medium
ISM Manufacturing PMI (Aug)
High
Economic calendar times are shown in ET. Event schedules and impact levels may change.
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Canadian dollar today against EUR, GBP & JPY
As of August 28, 2026
EUR/CAD news and daily outlook
EUR/CAD is consolidating as modest euro softness offsets persistent Canadian trade concerns. Strong Canadian GDP could pressure the pair, while weaker growth may renew upside momentum.
Current rate
1.6130 -0.06%
Low1.6120
High1.6144
Trading Range1.6120-1.6144
GBP/CAD news and daily outlook
GBP/CAD faces mild downward pressure as CAD recovers and sterling lacks domestic catalysts. Today’s Canadian GDP will determine whether the pullback extends or reverses.
Current rate
1.8815 -0.06%
Low1.8810
High1.8836
Trading Range1.8810-1.8836
CAD/JPY news and daily outlook
Yen remains subdued against CAD as wide yield differentials outweigh firmer Tokyo inflation. Weak Canadian GDP or clearer BoJ tightening signals could help yen regain ground.
Current rate
115.29 0.26%
Low114.99
High115.38
Trading Range114.99-115.38
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FAQs
As of August 28, 2026, USD/CAD is trading at 1.3850, meaning one US Dollar buys approximately 1.3850 CAD.
The USD to CAD exchange rate is 1.3850. The pair opened at 1.3855 and has moved -0.04% today.
USD/CAD is essentially unchanged by -0.04% today, with short-term market sentiment currently neutral. 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 essentially unchanged by -0.04%, with a neutral 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 -1.82% over the past month and +0.94% year-to-date. It is currently trading below its 50-day moving average of 1.4000. 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.
