Currency Updates

Forecast and Trends: Canadian Dollar Today

Understand global finance dynamics by tracking key players, like the euro, pound, and the Canadian dollar today, including monitoring the USD to CAD exchange rate, as they respond to the daily exchange rates, economic shifts, market sentiment, and international trade flows using a currency converter.

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Written by Ash Abbasi

November 28, 2025

Canadian Dollar News - Loonie firms as USD softens into month-end

The US dollar rate today is holding near weekly lows as month-end trading begins, with upside momentum limited after several Fed officials signalled support for a potential December rate cut, reinforcing a softer tone across the greenback. In contrast, the Canadian dollar rate today is maintaining a firmer footing, supported by broader USD weakness, though gains remain capped by softer oil prices and cautious sentiment ahead of Canada’s GDP release. With markets looking for confirmation of a modest Q3 rebound, the CAD to USD exchange rate continues to trade in a narrow range, reflecting a market still waiting for a clearer direction. Unless Canadian growth surprises or Fed expectations materially shift, USD/CAD is likely to remain steady.

Today's Global Currency Highlights

A quick view of the CAD today against the USD and other major currencies.

USD: US dollar holds near weekly lows on the final trading day of November, upside limited as multiple Fed officials signal support for a December rate cut.
CAD: Canadian dollar keeps a firm footing amid broader USD softness, gains remain constrained on weaker oil as markets look to GDP to confirm a Q3 rebound.
EUR: Euro slips further from weekly highs after mixed EU data fails to energize sentiment, traders now turn focus to German inflation for fresh direction.
GBP: Sterling retreats from Thursday’s peaks as soft retail and manufacturing surveys reinforce sluggish demand concerns, adding to BoE rate cut expectations.
JPY: Yen attempts to consolidate modest recovery gains into the week’s close but struggles to find demand, BoJ uncertainty overshadows the Tokyo CPI impact.
AUD: Australian dollar edges lower despite a cautious RBA tone, may find renewed traction if hotter inflation bolsters expectations of another rate hike.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, market attention turns to a lighter but meaningful economic calendar, with Canada’s GDP release taking centre stage for the Canadian dollar today. A confirmed rebound in Q3 activity could offer the loonie fresh support, while a softer print may leave CAD vulnerable. On the US side, the FX calendar features the Chicago PMI, a key gauge of business conditions that may influence sentiment around the US dollar today. With both data points carrying directional weight, traders are bracing for potential volatility in USD/CAD as cross-border momentum shifts in line with incoming signals.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously improving backdrop, with the Canadian dollar rate today stabilizing as traders turn their attention to Canada’s GDP release for firmer direction. While broader USD softness offers some support, weaker oil prices and lingering uncertainty around domestic momentum continue to cap CAD gains. With the Chicago PMI set to guide the US dollar today, the loonie’s next move will hinge on whether Canada’s growth figures confirm expectations of a Q3 rebound. Until then, the Canadian dollar rate today is likely to remain steady but subdued, reacting more to incoming data than to market sentiment alone.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 28, 2025, the USD/CAD pair trades at 1.40249, representing a -0.03% move in the last 24 hours.

USD/CAD highlights

USD stays pinned near weekly lows: The US dollar holds close to its weakest levels of the week as dovish signals from several Fed officials reinforce expectations for a possible December rate cut, keeping USD/CAD upside contained.
Dovish Fed tone limits greenback momentum: With policymakers leaning toward easing, traders remain cautious about adding USD exposure, leaving CAD to USD rate sensitive to how upcoming US data influences rate-cut pricing.
CAD maintains a firm footing on softer USD: The Canadian dollar finds support from broad USD weakness, helping keep USD/CAD restrained even as weaker oil prices temper enthusiasm for the loonie.
GDP in focus for next CAD move: With markets awaiting Canada’s GDP report to confirm a Q3 rebound, CAD to USD dynamics remain steady but cautious, as traders look for fresh clues on the domestic growth outlook.

Economic news impacting USD/CAD today

US Chicago PMI
Canada GDP

Daily trading range

USD/CAD today is holding within a 1.4000–1.4060 range with a neutral-to-slightly bearish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of November 28, 2025, the EUR/CAD pair trades at 1.62227, representing a -0.27% move in the last 24 hours.

EUR/CAD highlights

Euro drifts lower from weekly highs The euro continues to ease after failing to sustain earlier gains, with EUR/CAD softening as mixed EU data offers limited support for bullish momentum.
Mixed Eurozone signals cap enthusiasm: A blend of softer and steady economic readings leaves traders hesitant to extend euro exposure, keeping CAD to EUR rate balanced but slightly tilted against further EUR strengthd.
German inflation now in focus: Markets turn their attention to upcoming German inflation figures for clearer direction, leaving EUR/CAD vulnerable to further consolidation if price data underwhelms.

Economic news impacting EUR/CAD today

EU Manufacturing PMI (Monday)

Daily trading range

EUR/CAD today is holding within a 1.6200–1.6265 range with a slightly bearish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of November 28, 2025, the GBP/CAD pair trades at 1.85308, representing a -0.17% move in the last 24 hours.

GBP/CAD highlights

Sterling pulls back on weak UK data: The pound retreats from Thursday’s highs as soft retail and manufacturing surveys deepen concerns about sluggish domestic demand, keeping GBP/CAD under pressure.
Rising BoE cut expectations weigh on GBP: Weaker economic indicators reinforce expectations of earlier Bank of England rate cuts, prompting cautious CAD to GBP rate as traders scale back bullish sterling bets.
Pound momentum turns fragile: With demand concerns mounting and policy expectations shifting dovishly, GBP/CAD remains vulnerable to further softness unless upcoming UK data surprises to the upside.

Economic news impacting GBP/CAD today

S&P Global Manufacturing PMI (Monday)

Daily trading range

GBP/CAD today holding within a 1.8500–1.8570 range with a slightly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of November 28, 2025, the CAD/JPY pair trades at 111.304, representing a -0.05% move in the last 24 hours.

CAD/JPY highlights

Yen struggles to hold modest recovery: The Japanese yen attempts to consolidate its recent intraday gains, but limited follow-through keeps CAD/JPY supported as broader demand for JPY remains weak.
BoJ uncertainty outweighs inflation signals: Even with Tokyo CPI offering mild support, persistent uncertainty around the Bank of Japan’s policy path continues to dominate sentiment, tilting CAD to JPY flows in favour of CAD strength.
JPY demand stays subdued into week’s close: As markets head into the weekend, the yen fails to attract meaningful buying interest, leaving CAD/JPY biased higher amid cautious risk conditions and lack of JPY-specific catalysts.

Economic news impacting CAD/JPY today

BoJ Governor Ueda's Speech (Sunday)

Daily trading range

CAD/JPY today is holding within a 110.95–111.65 range with a slightly bullish bias.

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Written by

Ash Abbasi

Director of Sales

Ash Abbasi is the Director of Sales at MTFX, specializing in corporate FX and cross-border payment solutions for Canadian businesses. With a background in sales leadership and account management across global markets, he helps clients optimize international transactions and manage currency risk. Ash holds a degree from Aston Business School and a postgraduate diploma from Humber College.