Canadian Dollar Today: USD/CAD Rate, Daily Outlook & News

What's happening to the Canadian dollar today?

Canadian dollar news - The Canadian dollar (CAD) remains under pressure after Friday’s weak labour-market report reinforced concerns about Canada’s economic momentum. Falling crude prices are adding another headwind, while the US dollar continues to benefit from a comparatively stronger rate backdrop despite easing from recent highs. Attention now shifts to tomorrow’s US inflation report, which could quickly reshape Fed expectations and USD/CAD direction.

• US inflation could reset the pair: A hotter CPI reading would revive expectations for another Fed hike and could push USD/CAD higher, while softer inflation may extend the dollar’s pullback.
• Canadian labour weakness could keep CAD vulnerable: Further signs of softer domestic activity would reinforce expectations for a more cautious Bank of Canada path and limit CAD recovery.
• Oil remains an important downside risk: Additional declines in crude prices would weaken commodity-linked support and leave the Canadian dollar more exposed to USD strength.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of October 13, 2026, USD/CAD is trading at 1.4210, representing a -0.50% shift in the last 24 hours. Today, the pair has traded within the 1.4204-1.4283 range.

What is the Canadian dollar worth today against USD and other currencies?

The Canadian dollar's worth today is approximately US$0.7037, €0.6283, £0.5309, ¥111.40, CHF0.5859 and A$1.0077. 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 New Zealand dollar (-0.04%), gaining against the US dollar (+0.50%), euro (+0.06%), British pound (+0.08%), Japanese yen (+0.33%), Chinese yuan (+0.53%), Mexican peso (+1.16%), Swiss franc (+0.27%) and Australian dollar (+0.07%) while losing ground against the Indian rupee (-0.14%). 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 is easing modestly as lower US Treasury yields take some momentum out of the greenback, although weak Canadian labour data and falling oil prices continue to limit CAD’s recovery. The US dollar rate today remains supported by the possibility of another Fed hike if inflation stays firm, while the CAD to USD backdrop has weakened following Friday’s disappointing employment figures. Tomorrow’s US CPI report is now the key catalyst for whether the pair resumes its climb or extends the current pullback.

• US yields have eased: Lower Treasury yields are reducing some of the dollar’s recent rate advantage and allowing USD/CAD to retreat from recent highs.
• Canadian jobs data weighs on CAD: Friday’s weak employment report has reinforced concerns about labour-market momentum and the broader domestic outlook.
• Oil prices add another headwind: Falling crude prices are reducing an important source of support for the Canadian dollar.
• US CPI is the next major trigger: Tomorrow’s inflation report could significantly reshape Fed expectations and drive the next decisive move in USD/CAD.

Today's currency headlines

• USD: US dollar eases off 18-month highs as yields retreat, although tomorrow’s US inflation report could quickly revive expectations for another Fed hike.
• CAD: Canadian dollar remains vulnerable after Friday's dismal jobs data; falling crude prices add another headwind despite modest pullback in USD/CAD.
• EUR: Euro finds some breathing room as US yields fall, but renewed concern over France’s fiscal outlook keeps the recovery fragile ahead of tomorrow’s US CPI.
• GBP: Sterling edges firmer as the softer USD provides relief, while the BoE's still-restrictive policy backdrop helps the pound remain comparatively resilient.
• JPY: Yen recovers modestly as falling US yields reduce the rate gap pressure, but USD/JPY remains near elevated levels amid a cautious BoJ outlook.
• AUD: Australian dollar holds steady as hawkish RBA minutes keep further tightening firmly in play, but weaker commodity sentiment limits the upside.