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Canadian Dollar Today: USD/CAD Rate, News and Outlook

Author avatar for Ash Abbasi
Ash Abbasi
July 31, 2026

Current Rate

1.4012

Trading Range

1.4000 - 1.4059

Low

1.4000

High

1.4059

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Today's currency headlines

  • USD: US dollar stabilizes after softer GDP offset an in-line core PCE inflation reading.
  • CAD: Loonie holds most of Thursday’s gains as markets await Canada’s GDP report.
  • EUR: Euro remains near weekly highs after CPI matches forecasts, but gains limited.
  • GBP: Sterling trades near weekly highs after the BoE maintained a restrictive policy stance.
  • JPY: Yen preserves its BoJ-driven gains but suspected intervention caps further upside.
  • AUD: Aussie advances to multi-week highs as stronger demand lifts risk-sensitive currencies.

Where is USD/CAD trading today?

July 31, 20261.4012 CAD$1 CAD = 0.7137 USD

Daily Range:

USD/CAD has traded between a low of 1.4000 and a high of 1.4059 today.

Recent Trend:

The Canadian dollar has been trending modestly stronger in recent weeks, recently reaching a multi-week high. It is easing slightly against the US dollar today, but the broader short-term tone remains mildly positive rather than strongly bullish.

Short-Term Outlook:

The Canadian dollar could extend its gains if Canadian GDP beats expectations, while weaker domestic growth or stronger US Chicago PMI and consumer sentiment may push USD/CAD higher.

USD/CAD daily trading range

Today, July 31, 2026, USD/CAD is trading between 1.4000 and 1.4059. The current rate of 1.4012 is 0.0012 above the day’s low and 0.0047 below the day’s high. It is currently positioned 20% of the way through today’s range, with a midpoint of 1.4030.

Current Rate

1.4012

Change Today

0.01%
1.4012Daily LOW1.4000Daily HIGH1.4059
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Today's USD/CAD headlines: Pair steadies after Thursday’s US GDP-driven decline

USD/CAD is trading steadily after falling on Thursday as the Canadian dollar retained most of its recent gains. The US dollar rate today remains under moderate pressure after core PCE inflation matched expectations but GDP growth missed forecasts, reinforcing concerns about the strength of the US economy. Meanwhile, the Canadian dollar rate today is holding firm as markets await Canada’s GDP release for a fresh assessment of domestic momentum. Attention will then shift to US Chicago PMI and final Michigan consumer sentiment, with stronger readings potentially helping USD recover and weaker results leaving the pair vulnerable to another move lower.

USD/CAD daily performance

The Canadian dollar is trading at 1.4012 per US dollar. This means C$1 buys approximately US$0.7137 before any exchange rate margin or transfer fees.

USD/CAD has traded between 1.4000 and 1.4059 today, as currency markets respond to changes in interest rate expectations, economic data, oil prices and investor sentiment.

What does today’s USD/CAD rate mean?

For Canadians converting Canadian dollars to US dollars, a lower USD/CAD rate is generally more favourable because it means the Canadian dollar has strengthened. A higher USD/CAD rate means US dollars have become more expensive to purchase with Canadian dollars.

CURRENT RATE

1.4012

DAILY CHANGE %

+0.01%

DAY'S LOW

1.4000

DAY'S HIGH

1.4059

USD/CAD Daily, Weekly, Monthly and Year-to-Date Performance

Daily change+0.01%
Weekly change−0.51%
Monthly change−1.29%
3 months change+3.17%
6 months change+2.91%
Yearly change+1.15%
View USD/CAD historical rates
Last UpdatedJul 31, 2026, 07:18 p.m. ET

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

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Upcoming USD/CAD economic events

Economic calendar as of Jul 31, 2026, 07:18 p.m. ET

In the FX spotlight, markets will focus on Canada’s GDP report for fresh insight into domestic economic momentum and the near-term outlook for the Canadian dollar. Attention will then shift to the US Chicago PMI and final Michigan consumer sentiment readings, which may influence expectations for US growth and consumer demand. Stronger Canadian data could support CAD and pressure USD/CAD, while firmer US results may help the US dollar recover.

EventImpact
US flag

S&P Global Manufacturing PMI (Jul, Final)

Medium
US flag

ISM Manufacturing PMI (Jul)

High
Explore Upcoming Economic Events
Economic calendar times are shown in ET. Event schedules and impact levels may change.

Global FX rates against the Canadian dollar

Live exchange rates for CAD as of Jul 31, 2026, 07:18 p.m. ET
CurrencyRatesHighLowDaily
USD flag
USD
1.4012
1.4059
1.4000

0.01%

EUR flag
EUR
1.6155
1.6178
1.6070

0.09%

GBP flag
GBP
1.8898
1.8918
1.8797

0.25%

JPY flag
JPY
112.43
114.73
112.17

-1.26%

CNY flag
CNY
4.8047
4.8290
4.8047

-0.36%

MXN flag
MXN
12.36
12.44
12.35

-0.15%

INR flag
INR
68.03
68.28
67.95

-0.14%

Check Out CAD Exchange Rates
We use mid-market rates. This is for informational purposes only.
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FAQs

As of July 31, 2026, the USD/CAD exchange rate is 1.4012, meaning one US Dollar buys approximately 1.4012 CAD. The pair opened at 1.4011, compared with its previous close of 1.4011, and has moved 0.01% today.