Current rate
1.5974 0.17%
0.17%
Expected trading range1.5887 - 1.6067
USD/CAD
Current Rate:
1.4253
Last updated:Oct 09, 2026, 05:40 p.m. ET
Expected Trading range
1.41641.4341
What's happening to the Canadian dollar today?
Canadian dollar news - The Canadian dollar (CAD) remains under pressure with USD/CAD trading near 1.4240 as the US dollar retains a strong yield advantage and softer oil prices limit commodity-linked support for CAD. Markets are now focused on today’s Canadian employment report, which could quickly reshape expectations for the Bank of Canada and determine whether the pair extends higher or begins to retreat.
- Canadian jobs could trigger the next major move: A stronger employment gain and stable unemployment rate could strengthen CAD, while another weak labour report would reinforce expectations for a softer Bank of Canada path.
- US consumer sentiment could reshape USD demand: A strong Michigan sentiment reading would reinforce confidence in the US economy and potentially keep Treasury yields and the dollar supported.
- Oil remains an important CAD risk: Further weakness in crude prices would reduce commodity support and leave the Canadian dollar more exposed to the US yield advantage.
Where is the USD/CAD exchange rate trading today?
Current exchange rate
1.4253
Daily low
1.4206
Daily high
1.4298
Weekly change
+0.23%
Monthly change
+3.25%
3 months
+0.61%
6 months
+3.22%
Yearly change
+1.70%
We use mid-market rates. This is for informational purposes only.
Updated: Oct 09, 2026, 05:40 p.m. ET
Canadian dollar today - Rate, outlook and daily drivers
As of October 9, 2026, USD/CAD is trading at 1.4253, representing a 0.20% shift in the last 24 hours. Today, the pair has traded within the 1.4207-1.4298 range.
What is the Canadian dollar worth today against USD and other currencies?
The Canadian dollar's worth today is approximately US$0.7016, €0.6260, £0.5300, ¥111.01, CHF0.5822 and A$1.0052. 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 Japanese yen (+0.18%) and Mexican peso (+0.20%) while losing ground against the US dollar (-0.20%), euro (-0.17%), British pound (-0.26%), Chinese yuan (-0.72%), Indian rupee (-0.86%), New Zealand dollar (-0.36%), Swiss franc (-0.41%) and Australian dollar (-0.53%). CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the Indian rupee.
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 remains elevated as strong US rate support and softer commodity conditions continue to outweigh tentative improvement in Canada’s domestic backdrop. The US dollar rate today remains supported by expectations that Federal Reserve policy will stay restrictive, while the CAD to USD outlook is increasingly dependent on whether today’s Canadian labour data can show renewed economic resilience. With the pair near 1.4240, the jobs report is likely to set the near-term direction.
- US rate expectations favour USD: Markets continue to expect US policy to remain restrictive, maintaining a meaningful yield advantage for the greenback.
- CAD awaits a labour-market signal: Today’s employment change and unemployment rate will provide the clearest test of whether Canada’s economic momentum is improving.
- Oil offers less support: Softer crude prices are limiting one of CAD’s traditional sources of strength and helping keep USD/CAD elevated.
- US sentiment is the second catalyst: Michigan consumer sentiment later today could influence Treasury yields and determine whether USD strength carries into the weekend.
Upcoming USD/CAD economic events
Economic calendar as of Oct 09, 2026, 05:40 p.m. ET
Today’s focus is on Canada’s labour market, with employment change and the unemployment rate carrying the greatest potential to move CAD, followed by US consumer sentiment later in the session. Next week, attention turns to US existing home sales on Tuesday, before Wednesday’s US inflation report and Canadian building permits.
EventImpact
Existing Home Sales (Sep)
High
Inflation Rate YoY (Sep)
High
Building Permits MoM (Aug)
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 eases off recent highs as yields take a breather, but the Fed tightening bias keeps the greenback supported ahead of Michigan consumer sentiment.
- CAD: Loonie cautious ahead of employment report, softer oil removes some commodity support leaving CAD vulnerable to a weak jobs reading ahead of Thanksgiving weekend.
- EUR: Euro recovers modestly as French bond-market stress eases and lower energy prices improve sentiment, fiscal concerns continue to limit the rebound.
- GBP: Sterling is holding firm as restrictive Bank of England expectations provide support, while a softer US dollar helps GBP regain some ground.
- JPY: Yen remains under pressure as wide US-Japan yield differentials continue to favour USD, although intervention concerns are limiting a deeper decline.
- AUD: Australian dollar is outperforming as improved risk sentiment and a softer US dollar combine with the RBA’s restrictive policy stance to support demand.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Oct 09, 2026, 05:40 p.m. ET
USD / CAD
Current Rate
1.4253
Daily Change
0.20%
EUR / CAD
Current Rate
1.5974
Daily Change
0.17%
GBP / CAD
Current Rate
1.8867
Daily Change
0.26%
CAD / JPY
Current Rate
111.01
Daily Change
0.18%
CAD / CNY
Current Rate
4.6804
Daily Change
-0.72%
CAD / MXN
Current Rate
12.88
Daily Change
0.20%
CAD / INR
Current Rate
67.67
Daily Change
-0.86%
NZD / CAD
Current Rate
0.7996
Daily Change
0.36%
CAD / CHF
Current Rate
0.5822
Daily Change
-0.41%
AUD / CAD
Current Rate
0.9949
Daily Change
0.53%
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Canadian dollar today against EUR, GBP & JPY
As of October 9, 2026
EUR/CAD news and daily outlook
EUR/CAD is stabilizing near 1.60 as easing French bond-market stress gives the euro some relief, while CAD remains cautious ahead of today’s Canadian labour report.
GBP/CAD news and daily outlook
GBP/CAD is holding firm near 1.88 as restrictive Bank of England expectations continue to support sterling, while markets await fresh direction from Canadian employment data.
Current rate
1.8867 0.26%
0.26%
Expected trading range1.8747 - 1.8954
CAD/JPY news and daily outlook
CAD/JPY remains elevated above 111 as wide global yield differentials continue to pressure the yen, while expectations of further BoJ tightening help limit deeper JPY weakness.
Current rate
111.01 0.18%
0.18%
Expected trading range110.33 - 111.70
Useful USD/CAD tools and forecasts
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FAQs
As of October 9, 2026, USD/CAD is trading at 1.4253, meaning one US Dollar buys approximately 1.4253 CAD.
The USD to CAD exchange rate is 1.4253. The pair opened at 1.4225 and has moved 0.20% today.
USD/CAD is up by 0.20% 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 0.20%, 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 +3.25% over the past month and +3.88% year-to-date. It is currently trading above 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. 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.
