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

Author avatar for Ash Abbasi
Ash Abbasi
September 21, 2026

Daily brief - Loonie weakens as falling oil and policy divergence dominate

The Canadian dollar rate today is weaker across most major currencies, losing ground to USD, EUR, GBP and AUD while holding nearly flat versus JPY. Falling crude prices are removing an important source of CAD support, while expectations for further Federal Reserve tightening reinforce the US yield advantage. BoC Governor Tiff Macklem’s speech on economic developments is today’s key Canadian catalyst.

USD/CAD

0.38%
Current Rate:

1.4035

Last updated:Sep 21, 2026, 04:50 p.m. ET

Expected Trading range

1.39381.4081

Today's expected trading range and daily short-term outlook

USD/CAD is expected to trade within the 1.3938–1.4081 range today. Falling oil prices and widening Fed-BoC policy expectations maintain an upward bias, keeping the upper end in focus. A move below 1.3938 would suggest a Canadian dollar recovery, while a break above 1.4081 could signal further US dollar momentum.

Today's currency headlines

  • USD: US dollar edges higher as expectations for another Fed increase offset easing Treasury yields, with Tuesday’s weekly ADP data the next test.
  • CAD: Canadian dollar weakens as oil extends its decline, while markets await Governor Macklem’s speech for guidance on growth, inflation and policy.
  • EUR: Euro slips as the Fed’s yield advantage and German political uncertainty outweigh support from recent ECB tightening ahead of Wednesday’s flash PMIs.
  • GBP: Sterling eases as the Fed-BoE policy gap and UK fiscal concerns offset last week’s resilient retail sales, with Wednesday’s PMIs next in focus.
  • JPY: Yen remains subdued as cautious BoJ guidance sustains carry demand, although intervention risk limits losses near recent two-week lows against USD.
  • AUD: Australian dollar edges higher as firm RBA hike expectations and improving risk appetite outweigh support for USD from further Fed tightening.

Canadian dollar (CAD) daily performance against major global currencies

Updated: Sep 21, 2026, 04:50 p.m. ET
The Canadian dollar is essentially unchanged against Japanese yen, gaining against the none while losing ground against the US dollar, British pound, Mexican peso, New Zealand dollar, Swiss franc 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

1.4035

Daily Change

0.38%

GBP / CAD

Current Rate

1.8760

Daily Change

0.13%

CAD / JPY

Current Rate

112.14

Daily Change

0.03%

CAD / MXN

Current Rate

12.27

Daily Change

-0.42%

CAD / INR

Current Rate

68.24

Daily Change

-0.45%

NZD / CAD

Current Rate

0.8020

Daily Change

0.21%

CAD / CHF

Current Rate

0.5851

Daily Change

-0.44%

AUD / CAD

Current Rate

0.9991

Daily Change

0.43%

Is now a good time to convert CAD to USD?
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What is driving the Canadian dollar today?

Current Exchange Rate
1.4035Daily LOW1.3980Daily HIGH1.4039
Updated: Sep 21, 2026, 04:50 p.m. ET

USD/CAD Historical Exchange Rates

Daily change

+0.38%

Weekly change

+0.79%

Monthly change

+1.97%

3 months change

−0.80%

6 months change

+2.31%

Yearly change

+1.83%

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

As of September 21, 2026, USD/CAD is trading at 1.4035, representing a 0.38% shift in the last 24 hours. Today, the pair has traded within the 1.3980-1.4039 range.

USD/CAD is moving higher as falling oil prices and diverging Fed-BoC policy expectations place greater pressure on CAD than easing Treasury yields place on USD. The US dollar rate today remains supported by expectations for another Federal Reserve increase, while the Canadian currency is losing support from weaker crude. 

This keeps the CAD to USD backdrop defensive ahead of Governor Macklem’s remarks and upcoming US labour and business activity indicators.

  • Fed expectations support USD: Federal Reserve officials indicated at least one additional rate increase could follow this year, maintaining a sizeable US yield advantage.
  • Oil weakness pressures CAD: Crude prices are extending their decline as improving regional oil flows and diplomatic hopes reduce immediate supply concerns.
  • Macklem’s speech is today’s CAD catalyst: Markets will assess his comments for guidance on Canadian growth, trade uncertainty, inflation risks and future policy decisions.
  • US data return tomorrow: Weekly ADP employment figures will provide an early labour-market signal before Wednesday’s US flash manufacturing and services PMIs..
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Upcoming USD/CAD economic events

Economic calendar as of Sep 21, 2026, 04:50 p.m. ET

Today’s calendar contains no major economic releases, leaving BoC Governor Tiff Macklem’s speech as the main event. Markets will watch for guidance on Canadian growth, inflation and the policy outlook following the Bank’s recent rate hold. Attention then shifts to Tuesday’s weekly ADP employment estimate and Wednesday’s flash US manufacturing and services PMIs.

EventImpact
US flag

ADP Employment Change Weekly

Medium
US flag

S&P Global Manufacturing PMI (Sep, Flash)

Medium
US flag

S&P Global Services PMI (Sep, Flash)

Medium
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 September 21, 2026

EUR/CAD news and daily outlook

EUR/CAD has a modest upward bias as euro resilience contrasts with pressure on CAD from falling oil. Macklem’s speech is today’s main catalyst.

Current rate
NaN [EUR/CAD daily %]
Low
High
Trading Range[EUR/CAD daily range]

GBP/CAD news and daily outlook

GBP/CAD remains balanced as sterling trades near seven-week lows, while weaker oil limits CAD demand. BoE rate expectations continue to provide underlying pound support.

Current rate
1.8760 0.13%
Low1.8708
High1.8768
Trading Range1.8709-1.8768

CAD/JPY news and daily outlook

Yen remains under pressure against CAD after cautious BoJ guidance disappointed markets despite Friday’s rate hike. Intervention concerns may limit further yen losses.

Current rate
112.14 0.03%
Low111.82
High112.43
Trading Range111.82-112.43

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FAQs

As of September 21, 2026, USD/CAD is trading at 1.4035, meaning one US Dollar buys approximately 1.4035 CAD.