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Daily brief - Canadian dollar softens as US-Canada trade tensions weigh
The Canadian dollar rate today is under pressure as renewed US-Canada trade tensions outweigh support from higher crude prices. The loonie has weakened against the US dollar following the breakdown in trade negotiations and fresh tariff measures, while broader uncertainty around the economic impact is limiting CAD demand. With the domestic calendar relatively quiet, markets are likely to remain focused on developments in US-Canada trade relations and shifting expectations ahead of this week’s key US inflation and growth data.
USD/CAD
Current Rate:
1.3832
Last updated:Aug 25, 2026, 02:07 p.m. ET
Trading range
1.38261.3867
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Today's currency headlines
- USD: US dollar recovers modestly from recent multi-month lows as Iran sanctions provide support, though debt concerns cap gains ahead of housing and ADP jobs data.
- CAD: Canadian dollar remains under pressure as escalating US-Canada trade tensions outweigh support from firmer oil following the collapse of bilateral negotiations.
- EUR: Euro remains firm near weekly highs as stronger German business confidence and an upward revision to Q2 growth reinforce signs of economic recovery.
- GBP: Sterling stays close to six-month highs against USD as lingering greenback weakness supports the pound, although UK fiscal concerns limit further momentum.
- JPY: Yen remains pressured as persistent rate differentials limit demand, while expectations for gradual Bank of Japan tightening provide only modest underlying support.
- AUD: Australian dollar holds near 11-week highs after RBA minutes show several policymakers considered a rate hike amid continued upside inflation risks.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 25, 2026, 02:07 p.m. ET
The Canadian dollar is essentially unchanged against euro, British pound and Swiss franc, gaining against the US dollar and Mexican peso while losing ground against the Chinese yuan, New Zealand dollar and Australian dollar. CAD’s strongest move among the displayed crosses is against the Japanese yen, while its largest decline is against the Indian rupee.
USD / CAD
Current Rate
1.3832
Daily Change
-0.08%
EUR / CAD
Current Rate
1.6146
Daily Change
0.02%
GBP / CAD
Current Rate
1.8873
Daily Change
0.03%
CAD / JPY
Current Rate
115.11
Daily Change
0.19%
CAD / CNY
Current Rate
4.8420
Daily Change
-0.34%
CAD / MXN
Current Rate
12.25
Daily Change
0.14%
CAD / INR
Current Rate
68.83
Daily Change
-0.49%
NZD / CAD
Current Rate
0.8261
Daily Change
0.19%
CAD / CHF
Current Rate
0.5799
Daily Change
0.03%
AUD / CAD
Current Rate
0.9900
Daily Change
0.09%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 25, 2026, 02:07 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.08%Weekly change
+0.17%Monthly change
−1.84%3 months change
+0.21%6 months change
+1.16%Yearly change
−0.19%We use mid-market rates. This is for informational purposes only.
As of August 25, 2026, USD/CAD is trading at 1.3832, representing a -0.08% shift in the last 24 hours. The pair is likely to trade within the 1.3826-1.3867 range.
USD/CAD is moving higher as renewed US-Canada trade tensions weigh on the Canadian dollar while the greenback holds relatively firm. The US dollar rate today is receiving some support from cautious market positioning, while weaker crude prices and growing uncertainty around Canada’s trade outlook are softening the CAD to USD backdrop.
- US-Canada trade tensions pressure CAD: Failed negotiations and the escalation of tariffs have increased uncertainty around Canada’s growth and export outlook.
- Falling oil removes a CAD tailwind: Crude prices are extending their decline, reducing an important source of support for the commodity-sensitive Canadian dollar.
- US fiscal concerns remain a dollar risk: Elevated long-term yields and questions around Treasury bond-buyback measures continue to keep US debt sustainability in focus.
- Jackson Hole remains the week's major USD catalyst: Markets are looking toward Federal Reserve guidance later this week for clearer signals on inflation, interest rates and the next direction for the US dollar.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 25, 2026, 02:07 p.m. ET
- Building Permits: Measures approvals for new construction projects, with stronger readings generally supporting the US dollar.
- ADP Employment Change Weekly: Tracks changes in US private-sector employment, with stronger job growth typically supporting USD.
- Wholesale Sales: Measures sales activity among Canadian wholesalers, with stronger readings generally supporting CAD.
- CB Consumer Confidence: Gauges US consumer optimism, with stronger confidence typically supporting the US dollar.
- New Home Sales: Measures sales of newly built US homes, with stronger readings generally supporting USD.
EventImpact
Core PCE Price Index MoM (Jul)
High
GDP QoQ (Q2, Second Estimate)
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 25, 2026
EUR/CAD news and daily outlook
The euro is edging higher against the Canadian dollar as renewed US-Canada trade tensions weigh on the loonie, while the EUR remains close to recent highs against the USD. Softer oil prices are also removing an important source of CAD support.
Current rate
1.6146 0.03%
Low1.6133
High1.6174
Trading Range1.6133-1.6174
GBP/CAD news and daily outlook
The pound remains supported against CAD as sterling holds near recent six-month highs while trade uncertainty continues to pressure the Canadian dollar. GBP/CAD could remain firm if concerns around Canada’s economic outlook persist.
Current rate
1.8873 0.03%
Low1.8850
High1.8913
Trading Range1.8850-1.8913
CAD/JPY news and daily outlook
The yen continues to lose ground against the Canadian dollar as the impact of earlier intervention fades and persistent rate differentials weigh on JPY. Firm oil prices and broad CAD strength are making a sustained yen recovery more difficult.
Current rate
115.11 0.19%
Low114.84
High115.19
Trading Range114.84-115.19
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FAQs
As of August 25, 2026, USD/CAD is trading at 1.3832, meaning one US Dollar buys approximately 1.3832 CAD.
The USD to CAD exchange rate is 1.3832. The pair opened at 1.3844 and has moved -0.08% today.
USD/CAD is down by -0.08% today, with short-term market sentiment currently bearish. 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 down by -0.08%, with a bearish 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 -1.84% over the past month and +0.81% 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.
