Canadian Dollar Today: USD/CAD Rate, News & Daily Outlook

What's happening to the Canadian dollar today?

Canadian dollar news - USD/CAD remains close to multi-month highs as the US dollar benefits from elevated Treasury yields, safe-haven demand and expectations that the Federal Reserve will keep policy tight. The Canadian dollar is receiving some support from firm oil prices, but that has not been enough to offset broader USD strength. Today’s Canadian GDP, US consumer confidence and JOLTS data could provide the next major catalyst for the pair.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of September 29, 2026, USD/CAD is trading at 1.4192, representing a 0.13% shift in the last 24 hours. Today, the pair has traded within the 1.4166-1.4202 range.

What is the Canadian dollar worth today against USD and other currencies?

The Canadian dollar's worth today is approximately US$0.7046, €0.6220, £0.5335, ¥110.98, CHF0.5885 and A$1.0104. These are indicative market rates and may differ from the rate available when exchanging money.

Is the Canadian dollar up or down today against USD and other currencies?

The Canadian dollar is essentially unchanged against Japanese yen (-0.02%), gaining against the euro (+0.21%), British pound (+0.18%), New Zealand dollar (+0.45%), Swiss franc (+0.26%) and Australian dollar (+0.44%) while losing ground against the US dollar (-0.13%), Chinese yuan (-0.14%), Mexican peso (-0.32%) and Indian rupee (-0.17%). CAD’s strongest move among the displayed crosses is against the New Zealand dollar, while its largest decline is against the Mexican peso.

For a broader view of the currency moves and the events ahead, see our weekly Canadian dollar outlook.

Why is the USD/CAD rising or falling today?

USD/CAD remains elevated as strong US dollar demand and high Treasury yields continue to outweigh support for CAD from oil prices. The US dollar rate today is being reinforced by both hawkish Fed expectations and geopolitical uncertainty, while the CAD to USD backdrop remains vulnerable as markets assess whether Canadian growth is strong enough to support further Bank of Canada tightening. Today’s GDP, consumer confidence and JOLTS releases could quickly reshape rate expectations on both sides of the pair.

• US yields keep USD supported: Treasury yields remain historically elevated, strengthening the relative appeal of the US dollar and maintaining upward pressure on USD/CAD.
• Safe-haven demand adds momentum: Continued uncertainty around US-Iran tensions is encouraging defensive demand for the dollar and keeping broader currency markets cautious.
• Oil cushions the Canadian dollar: Elevated crude prices are providing an important source of support for CAD, limiting the extent of its decline against USD.
• Major data takes centre stage: Canadian GDP, US consumer confidence and JOLTS job openings are today’s key releases and could shift expectations for both the Fed and Bank of Canada.

Today's currency headlines

• USD: US dollar holds near a two-month high as hawkish Fed and renewed US-Iran tensions reinforce demand ahead of this week’s inflation and labour data.
• CAD: Canadian dollar remains pressured as Fed-BoC divergence favours the greenback, but Brent crude above US$106 provides stronger commodity-linked support.
• EUR: Euro trades near two-month lows against USD as stronger US yields and further Fed tightening bet outweigh support from the ECB’s firm policy stance.
• GBP: Sterling remains close to three-month lows against USD as markets question how far the BoE can tighten despite Bailey’s renewed inflation risk warnings.
• JPY: Yen weakens as elevated US yields maintain pressure; renewed US-Japan concern over yen undervaluation keeps intervention risk firmly in focus.
• AUD: Aussie steady ahead of Tuesday’s RBA meeting; markets expect a 25-bps hike to 4.60% as inflation pressures keep tightening expectations elevated.