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Daily brief - Loonie rebounds from Friday lows in thin Labour Day trade
Canadian dollar rate today is mixed, strengthening modestly against USD and EUR, trading near unchanged against GBP, and weakening against JPY and AUD. The loonie is recovering as USD retreats from Friday’s employment-driven highs, while elevated oil prices provide some support. Labour Day closures in Canada and the US are limiting liquidity, with tomorrow’s US confidence and private-employment figures providing the next catalysts.
USD/CAD
Current Rate:
1.3817
Last updated:Sep 07, 2026, 08:29 a.m. ET
Actual Trading range
1.38151.3841
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Today's currency headlines
- USD: US dollar gives back part of Friday’s jobs-driven advance as Labour Day closures thin liquidity, although Middle East tensions provide defensive support.
- CAD: Canadian dollar trades quietly with domestic markets closed for Labour Day, while geopolitical uncertainty and oil sensitivity shape limited flows.
- EUR: Euro edges higher after eurozone GDP beats market expectations, though thin North American liquidity and geopolitical risk limit conviction.
- GBP: Sterling firms modestly as softer USD provides modest support, while holiday-thinned trading and Middle East uncertainty restrain follow-through.
- JPY: Yen surges as markets price a more aggressive BoJ policy tightening path, with today’s Japanese GDP release offering the next domestic catalyst.
- AUD: Australian dollar gains cautiously on broad USD weakness, but persistent Middle East tensions and thin holiday liquidity temper risk-sensitive demand.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 07, 2026, 08:29 a.m. ET
The Canadian dollar is essentially unchanged against euro, gaining against the US dollar, British pound, Chinese yuan, New Zealand dollar and Swiss franc while losing ground against the Mexican peso and Australian dollar. CAD’s strongest move among the displayed crosses is against the Indian rupee, while its largest decline is against the Japanese yen.
USD / CAD
Current Rate
1.3817
Daily Change
-0.10%
EUR / CAD
Current Rate
1.6064
Daily Change
-0.03%
GBP / CAD
Current Rate
1.8701
Daily Change
-0.06%
CAD / JPY
Current Rate
111.80
Daily Change
-0.96%
CAD / CNY
Current Rate
4.8406
Daily Change
0.11%
CAD / MXN
Current Rate
12.24
Daily Change
-0.44%
CAD / INR
Current Rate
68.42
Daily Change
0.25%
NZD / CAD
Current Rate
0.8123
Daily Change
-0.16%
CAD / CHF
Current Rate
0.5855
Daily Change
0.07%
AUD / CAD
Current Rate
0.9972
Daily Change
0.14%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 07, 2026, 08:29 a.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.10%Weekly change
−0.56%Monthly change
−0.85%3 months change
−0.86%6 months change
+1.90%Yearly change
−0.09%We use mid-market rates. This is for informational purposes only.
As of September 7, 2026, USD/CAD is trading at 1.3817, representing a -0.10% shift in the last 24 hours. The pair is likely to trade within the 1.3815-1.3842 range.
USD/CAD is easing as the US dollar unwinds part of Friday’s employment-driven rally while elevated oil prices provide limited support for CAD. The US dollar rate today is softer without guidance from the closed Treasury market, improving the immediate CAD to USD backdrop.
However, Friday’s stronger US hiring and weaker Canadian employment remain supportive of USD/CAD beyond today’s low-volume session.
- Employment reports favour USD longer term: US payrolls rose by 162,000, while Canadian employment unexpectedly declined by 41,700 in August.
- Rate expectations remain divided: Strong US hiring supports Fed tightening expectations, while Canada’s employment contraction could reduce pressure on the BoC to raise rates.
- Geopolitical developments create competing signals: Middle East tensions support defensive USD demand but also keep oil elevated, providing CAD with a partial cushion.
- Holiday liquidity limits conviction: Closed North American markets may produce narrow trading or exaggerated temporary moves before Tuesday’s US data restore participation.
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Upcoming USD/CAD economic events
Economic calendar as of Sep 07, 2026, 08:29 a.m. ET
There are no major economic releases today as Canadian and US markets remain closed for Labour Day. Holiday-thinned liquidity may limit conviction and exaggerate isolated currency moves, with attention shifting to Tuesday’s weekly ADP employment estimate, NY Fed inflation expectations and US consumer-credit figures.
EventImpact
ADP Employment Change Weekly
Medium
NY Fed 1-Year Consumer Inflation Expectations (Aug)
Medium
Consumer Credit (Jul)
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 7, 2026
EUR/CAD news and daily outlook
EUR/CAD remains range-bound as stronger eurozone GDP supports the euro, while elevated oil prices provide CAD with a counterweight. Labour Day closures should limit conviction and leave the pair vulnerable to exaggerated headline-driven moves.
Current rate
1.6064 -0.03%
Low1.6044
High1.6082
Trading Range1.6044-1.6082
GBP/CAD news and daily outlook
GBP/CAD retains a modest upward bias as softer USD supports sterling, although oil-linked CAD resilience limits gains. Thin holiday liquidity is likely to keep trading choppy and contained.
Current rate
1.8701 -0.06%
Low1.8676
High1.8720
Trading Range1.8676-1.8720
CAD/JPY news and daily outlook
Yen is strengthening sharply against CAD as aggressive BoJ tightening expectations outweigh CAD support from oil. Japan’s GDP release provides the next domestic test, while thin North American trading may magnify short-term moves.
Current rate
111.80 -0.96%
Low111.45
High112.96
Trading Range111.45-112.96
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FAQs
As of September 7, 2026, USD/CAD is trading at 1.3817, meaning one US Dollar buys approximately 1.3817 CAD.
The USD to CAD exchange rate is 1.3817. The pair opened at 1.3827 and has moved -0.10% today.
USD/CAD is down by -0.10% 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 -0.10%, 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 -0.85% over the past month and +0.70% 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.
