The USD/CAD today, July 16, 2026, is trading around 1.4028 CAD, which means $1 CAD is equal to 0.7129 USD.
- Daily Range: Today's USD/CAD daily range is between a low of 1.4018 and a high of 1.4054.
- Recent Trend: The Canadian dollar remains near multi-week highs as the Bank of Canada’s rate hold and firm crude prices continue to support the loonie.
- Short-Term Outlook: The Canadian dollar could retain its strength, with today’s Canadian housing starts and US retail sales and jobless claims providing the next direction.
Today's USD/CAD Snapshot
Track today’s USD/CAD performance and see how shifting market sentiment, economic developments and broader currency trends are shaping the pair.
Current Rate
Change Today
-0.09%Today's USD/CAD Headlines - CAD holds firm after BoC rate hold
USD/CAD remains near multi-week lows after the overnight sell-off eased, with the US dollar rate today struggling to recover from softer inflation and producer-price data that reduced expectations for further Fed tightening. Attention now turns to US retail sales and weekly jobless claims for fresh direction. Meanwhile, the Canadian dollar rate today remains supported after the Bank of Canada held interest rates at 2.25% and offered a cautiously positive economic outlook. Canadian housing starts and movements in crude prices could provide the next catalysts for the loonie.
Today's USD/CAD Performance
As of July 16, 2026, USD/CAD is trading at 1.4028, representing a -0.09% shift in the last 24 hours. The pair is likely to trade within the 1.4018–1.4054 range.
CURRENT RATE
1.40277
DAILY CHANGE %
-0.09%
DAY'S LOW
1.4018
DAY'S HIGH
1.4054
USD/CAD Historical Rates
We use mid-market rates. This is for informational purposes only.
Upcoming USD/CAD Economic Events
In today’s daily FX spotlight, the economic calendar is led by US retail sales, weekly jobless claims and the Philadelphia Fed Manufacturing Index, which could shape expectations for consumer strength, labour-market conditions and Federal Reserve policy. Stronger retail or factory data may help the US dollar today extend its stabilization, while softer releases could renew pressure on the greenback. In Canada, housing starts will provide a fresh read on construction activity and domestic momentum. Attention will also turn to President Donald Trump’s speech, where any comments on trade, fiscal policy or geopolitical risks could add volatility.
Today's Currency Headlines Against CAD
- USD: US dollar steadies near recent lows, with retail sales and jobless claims next in focus.
- CAD: Loonie stays supported after the BoC rate hold, with housing starts the next catalyst.
- EUR: Euro trades range-bound as hawkish ECB commentary offsets a weak trade balance.
- GBP: Sterling loses gains after weak GDP and industrial data deepen growth concerns.
- JPY: Yen pressured as policy divergence and intervention concerns fail to attract demand.
- AUD: Aussie trades sideways as lower Fed hike bets offset geopolitical, commodity uncertainty.
Live Cross Exchange Rates Against the Canadian Dollar
| Currency | Rates | High | Low | Daily |
|---|---|---|---|---|
 USD | 1.4028 | 1.4054 | 1.4018 | -0.09% |
 EUR | 1.6057 | 1.6115 | 1.6053 | -0.21% |
 GBP | 1.8939 | 1.9018 | 1.8924 | -0.28% |
 JPY | 115.70 | 115.75 | 115.34 | 0.19% |
 CNY | 4.8090 | 4.8282 | 4.8052 | -0.29% |
 MXN | 12.44 | 12.44 | 12.38 | 0.50% |
 INR | 68.72 | 68.81 | 68.53 | 0.23% |
| Check Out CAD Exchange Rates | ||||
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FAQs
As of July 16, 2026, the USD/CAD exchange rate is 1.4028, meaning one US Dollar buys approximately 1.4028 CAD. The pair opened at 1.4041, compared with its previous close of 1.4041, and has moved -0.09% today.
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