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Canadian Dollar Today: USD/CAD Rate, News & Forecast

Author avatar for Ash Abbasi
Ash Abbasi
July 21, 2026

Current Rate

1.4085

Trading Range

1.4054 - 1.4090

Low

1.4054

High

1.4090

Convert Canadian to US dollars at bank-beating FX rates.

Today's Currency Headlines

  • USD: US dollar recovery stalls as markets await ADP data and monitor US-Iran uncertainty.
  • CAD: Loonie holds relatively firm as USD loses momentum; weaker oil prices limit gains.
  • EUR: Euro retains data-driven gains after stronger German sentiment improves confidence.
  • GBP: Sterling gives back part of its rebound despite firm labour data, UK inflation next in focus.
  • JPY: Yen’s recovery fades as policy divergence pushes the currency back toward yearly lows.
  • AUD: Aussie extends its overnight gains as improved mood outweighs geopolitical uncertainty.

Where's the USD/CAD Trading Today?

July 21, 20261.4085 CAD$1 CAD = 0.7100 USD
https://content.mtfxgroup.com/uploads/chart_column_increasing02_84f5cf6bf2_428c7ab76d.svg

Daily Range:

Today’s USD/CAD daily range is between a low of 1.4054 and a high of 1.4090.

https://content.mtfxgroup.com/uploads/line_chart_1e7340d114_0d57ff05c1.svg

Recent Trend:

Canadian dollar remains relatively firm as USD/CAD gives back part of its overnight rebound, although lower oil prices are limiting the loonie’s momentum.

https://content.mtfxgroup.com/uploads/shield_new_c759469ff2_1_805a721402_50280e77b1.svg

Short-Term Outlook:

Canadian dollar could retain a modest advantage if today’s US ADP employment data disappoints, while stronger labour figures or renewed safe-haven demand linked to US-Iran tensions may support USD.

Table of Contents

USD/CAD Daily Trading Range

Today, July 21, 2026, USD/CAD is trading between 1.4054 and 1.4090. The current rate of 1.4085 is 0.0030 above the day’s low and 0.0005 below the day’s high. It is currently positioned 86% of the way through today’s range, with a midpoint of 1.4072.

Current Rate

1.4085

Change Today

0.11%
1.4085Daily LOW1.4054Daily HIGH1.4090
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July 21, 2026 - USD/CAD Headlines: USD recovery stalls ahead of ADP data

USD/CAD is edging lower after the US dollar rate today failed to build on its overnight recovery. Markets are awaiting the weekly ADP employment report for a fresh indication of US labour-market strength and the Federal Reserve outlook. Meanwhile, the Canadian dollar rate today remains relatively firm as the greenback’s rebound fades, although lower crude prices are reducing some of the loonie’s energy-linked support. Persistent uncertainty surrounding US-Iran diplomacy is also keeping markets cautious and may generate intermittent safe-haven demand for USD, limiting a larger move lower in the pair.

USD/CAD Daily Performance

As of July 21, 2026, USD/CAD is trading at 1.4085, representing a 0.11% shift in the last 24 hours. The pair is likely to trade within the 1.4054–1.4090 range.

CURRENT RATE

1.40846

DAILY CHANGE %

+0.11%

DAY'S LOW

1.4054

DAY'S HIGH

1.4090

USD/CAD Performance Year to Date

1 day+0.11%
1 week+0.31%
1 month-0.45%
3 months+3.09%
6 months+1.82%
1 year+2.94%
View USD/CAD historical rates
Last UpdatedJul 21, 2026, 04:55 EDT

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

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Upcoming USD/CAD Economic Events

In today’s FX calendar, the US ADP Employment Change report is the main economic event, offering a timely view of labour-market conditions and the potential direction of the US dollar today. A stronger-than-expected reading could support USD by reinforcing expectations that the Federal Reserve will keep policy restrictive, while a weaker result may weigh on the greenback. Attention will then shift to Thursday’s US initial jobless claims and Canadian retail sales, followed by Friday’s US building permits and preliminary manufacturing and services PMI releases for further insight into economic momentum.

Global FX Rates Against the Canadian Dollar

CurrencyRatesHighLowDaily
ca
USD
1.4085
1.4090
1.4054

0.11%

ca
EUR
1.6065
1.6080
1.6050

-0.00%

ca
GBP
1.8818
1.8930
1.8814

-0.39%

jp
JPY
115.60
115.75
115.32

0.21%

cn
CNY
4.7888
4.8216
4.7873

-0.41%

mx
MXN
12.36
12.38
12.35

-0.19%

in
INR
68.36
68.51
68.31

-0.15%

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FAQs

As of July 21, 2026, the USD/CAD exchange rate is 1.4085, meaning one US Dollar buys approximately 1.4085 CAD. The pair opened at 1.4069, compared with its previous close of 1.4069, and has moved 0.11% today.