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Daily brief - Canadian dollar finds oil support but trails stronger USD
The Canadian dollar rate today is mixed, gaining against EUR, GBP, JPY and AUD as rising oil prices improve Canada’s terms-of-trade backdrop, but losing ground to USD as risk aversion and stronger Federal Reserve rate-hike expectations favour the greenback. Today’s Canadian inflation report is the immediate domestic catalyst, followed by Wednesday’s Fed decision.
USD/CAD
Current Rate:
1.3923
Last updated:Sep 14, 2026, 10:27 a.m. ET
Actual Trading range
1.38651.3930
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Today's currency headlines
- USD: US dollar reaches a two-week high as Middle East tensions and risk aversion boost safe-haven demand, while Fed hike expectations strengthen.
- CAD: Canadian dollar receives oil-linked support as crude rallies on Saudi supply disruption, though USD strength and caution ahead of CPI limit gains.
- EUR: Euro falls to a one-month low against greenback as safe-haven demand and Fed rate hike expectations outweigh the ECB’s recent tightening.
- GBP: Sterling reaches a one-month low against USD as defensive flows dominate, despite stronger UK growth and rising BoE hike expectations.
- JPY: Yen retreats from recent highs as dollar demand and elevated US yields offset a largely priced-in Bank of Japan interest rate increase.
- AUD: Aussie eases as risk aversion and Fed tightening bets outweigh growing conviction that persistent inflation will prompt another RBA hike.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 14, 2026, 10:27 a.m. ET
The Canadian dollar is essentially unchanged against Swiss franc, gaining against the euro, British pound, Japanese yen, New Zealand dollar and Australian dollar while losing ground against the Chinese yuan and Indian rupee. CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the US dollar.
USD / CAD
Current Rate
1.3923
Daily Change
0.39%
EUR / CAD
Current Rate
1.6050
Daily Change
-0.22%
GBP / CAD
Current Rate
1.8752
Daily Change
-0.06%
CAD / JPY
Current Rate
111.21
Daily Change
0.46%
CAD / CNY
Current Rate
4.8035
Daily Change
-0.34%
CAD / MXN
Current Rate
12.41
Daily Change
0.73%
CAD / INR
Current Rate
68.85
Daily Change
-0.10%
NZD / CAD
Current Rate
0.8015
Daily Change
-0.59%
CAD / CHF
Current Rate
0.5883
Daily Change
0.00%
AUD / CAD
Current Rate
0.9903
Daily Change
-0.34%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 14, 2026, 10:27 a.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.39%Weekly change
+1.02%Monthly change
+0.36%3 months change
−0.46%6 months change
+1.48%Yearly change
+0.61%We use mid-market rates. This is for informational purposes only.
As of September 14, 2026, USD/CAD is trading at 1.3923, representing a 0.39% shift in the last 24 hours. The pair is likely to trade within the 1.3865-1.3930 range.
USD/CAD is moving higher as rising Federal Reserve rate-hike expectations and defensive dollar demand outweigh support for CAD from stronger oil prices. The US dollar rate today is firmer after recent US inflation and employment figures increased expectations of a rate increase on Wednesday.
Meanwhile, the CAD to USD backdrop remains sensitive to today’s Canadian CPI release, which could determine whether the Bank of Canada’s recent hawkish stance receives further support. Oil prices and Middle East developments may also influence the pair by affecting both Canadian terms of trade and broader risk appetite.
- Canadian inflation is today’s main domestic catalyst: Persistent price pressure could strengthen BoC tightening expectations and support CAD, while softer inflation may lift USD/CAD.
- Fed expectations favour USD: Markets assign a high probability to a rate increase on Wednesday, keeping US yields and the dollar supported before the decision.
- Oil provides a counterweight for CAD: Crude has rallied following attacks on Saudi energy infrastructure, improving Canada’s commodity-linked currency backdrop.
- Technical momentum remains constructive: USD/CAD has moved above 1.3870, placing 1.3940 in focus, while 1.3835 provides the nearest meaningful downside support.
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Upcoming USD/CAD economic events
Economic calendar as of Sep 14, 2026, 10:27 a.m. ET
Canada’s August inflation report is today’s key event and could set the near-term direction for CAD. Annual inflation is expected to remain at 3.0%; a firmer reading could reinforce Bank of Canada tightening expectations, while softer inflation may weaken CAD despite support from elevated oil prices.
EventImpact
ADP Employment Change Weekly
Medium
NY Empire State Manufacturing Index (Sep)
Medium
Wholesale Sales MoM (Jul)
Medium
Housing Starts (Aug)
Medium
Building Permits MoM (Jul)
Medium
Retail Sales MoM (Aug)
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 September 14, 2026
EUR/CAD news and daily outlook
EUR/CAD is moving lower as elevated oil prices support CAD, while the euro remains pressured by stronger Fed tightening expectations. Canadian CPI is today’s key catalyst, with a firmer reading potentially extending the pair’s decline.
Current rate
1.6050 -0.22%
Low1.6013
High1.6085
Trading Range1.6013-1.6085
GBP/CAD news and daily outlook
GBP/CAD is edging lower as oil-linked CAD strength outweighs sterling support from stronger UK growth and prospective BoE tightening. Canadian inflation leads today’s risk before Thursday’s Bank of England decision.
Current rate
1.8752 -0.06%
Low1.8714
High1.8768
Trading Range1.8714-1.8768
CAD/JPY news and daily outlook
Yen is weakening against CAD as rising oil supports the Canadian currency and elevated US yields interrupt the yen’s recent advance. Today’s Canadian CPI precedes Friday’s BoJ decision and crucial guidance on further tightening.
Current rate
111.21 0.46%
Low110.20
High111.36
Trading Range110.20-111.36
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FAQs
As of September 14, 2026, USD/CAD is trading at 1.3923, meaning one US Dollar buys approximately 1.3923 CAD.
The USD to CAD exchange rate is 1.3923. The pair opened at 1.3867 and has moved 0.39% today.
USD/CAD is up by 0.39% today, with short-term market sentiment currently bullish. 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 up by 0.39%, with a bullish 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 +0.36% over the past month and +1.47% year-to-date. It is currently trading above its 50-day moving average of 1.3900. 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.
