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Canadian Dollar Today: USD/CAD Rate, News & Forecast

Author avatar for Ash Abbasi
Ash Abbasi
July 24, 2026

Current Rate

1.4098

Trading Range

1.4066 - 1.4115

Low

1.4066

High

1.4115

Convert Canadian to US dollars at bank-beating FX rates.

Today's Currency Headlines

  • USD: US dollar trades unevenly as risk aversion supports demand ahead of PMIs and housing data.
  • CAD: Loonie holds steady as elevated oil offsets tariff concerns and anticipation around industrial data.
  • EUR: Euro consolidates weekly gains after stronger EU PMIs, though cautious sentiment limits upside.
  • GBP: Sterling gives up its overnight recovery gains despite upbeat retail sales and PMI releases.
  • JPY: Yen remains near multi-decade lows as inflation pressures and policy divergence sustain weakness.
  • AUD: Aussie recovers part of daily losses as job-market strength supports demand, caution caps gains.

Where's the USD/CAD Trading Today?

July 24, 20261.4098 CAD$1 CAD = 0.7093 USD
https://content.mtfxgroup.com/uploads/chart_column_increasing02_84f5cf6bf2_428c7ab76d.svg

Daily Range:

Today’s USD/CAD daily range is between a low of 1.4066 and a high of 1.4115.

https://content.mtfxgroup.com/uploads/line_chart_1e7340d114_0d57ff05c1.svg

Recent Trend:

The Canadian dollar remains broadly steady against the US dollar, keeping USD choppy as elevated crude prices offset tariff concerns and Middle East risks.

https://content.mtfxgroup.com/uploads/shield_new_c759469ff2_1_805a721402_50280e77b1.svg

Short-Term Outlook:

The Canadian dollar could strengthen if today’s industrial data exceeds expectations and oil remains elevated, while stronger US PMIs, building permits or new home sales may support USD.

Table of Contents

USD/CAD Daily Trading Range

Today, July 24, 2026, USD/CAD is trading between 1.4066 and 1.4115. The current rate of 1.4098 is 0.0032 above the day’s low and 0.0017 below the day’s high. It is currently positioned 65% of the way through today’s range, with a midpoint of 1.4090.

Current Rate

1.4098

Change Today

0.10%
1.4098Daily LOW1.4066Daily HIGH1.4115
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July 24, 2026 - USD/CAD Headlines: Loonie steady ahead of US & Canadian mid-tier data

USD/CAD is trading unevenly as markets remain cautious heading into the weekend. The US dollar rate today is drawing modest support from risk aversion linked to a new wave of US tariffs and persistent Middle East tensions, although investors are waiting for US manufacturing and services PMIs, building permits and new home sales before taking a clearer position. Meanwhile, the Canadian dollar rate today remains relatively stable as elevated crude prices provide support, while markets assess Canadian raw-material prices and industrial production data. The balance between oil-backed CAD demand and cautious support for USD is keeping the pair confined to choppy trading.

USD/CAD Daily Performance

As of July 24, 2026, USD/CAD is trading at 1.4098, representing a 0.10% shift in the last 24 hours. The pair is likely to trade within the 1.4066-1.4115 range.

CURRENT RATE

1.4098

DAILY CHANGE %

+0.10%

DAY'S LOW

1.4066

DAY'S HIGH

1.4115

USD/CAD Performance Year to Date

1 day0.09798283
1 week0.40166649
1 month-0.94085077
3 months3.16795
6 months2.93068
1 year3.41314
View USD/CAD historical rates
Last UpdatedJul 24, 2026, 12:20 EDT

We use mid-market rates. This is for informational purposes only.

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Upcoming USD/CAD Economic Events

In today’s daily FX spotlight, the economic calendar features several mid-tier releases from Canada and the US that could add volatility to USD/CAD. Canadian industrial product and raw materials price indexes will provide insight into input-cost and producer-level inflation pressures, with stronger readings potentially supporting the Canadian dollar today. In the US, attention will turn to building permits, new home sales and preliminary manufacturing and services PMIs. Stronger US activity and housing data could support the US dollar, while weaker results may reinforce pressure on USD/CAD.

Global FX Rates Against the Canadian Dollar

CurrencyRatesHighLowDaily
ca
USD
1.4098
1.4115
1.4066

0.10%

ca
EUR
1.6027
1.6045
1.6009

0.05%

ca
GBP
1.8785
1.8804
1.8735

0.24%

jp
JPY
116.22
116.46
116.09

-0.06%

cn
CNY
4.7872
4.8173
4.7870

-0.58%

mx
MXN
12.40
12.45
12.39

-0.29%

in
INR
68.36
68.83
68.35

-0.63%

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FAQs

As of July 24, 2026, the USD/CAD exchange rate is 1.4098, meaning one US Dollar buys approximately 1.4098 CAD. The pair opened at 1.4084, compared with its previous close of 1.4084, and has moved 0.10% today.