Current Rate
1.4017
Trading Range
1.4003 - 1.4023
Low
1.4003
High
1.4023
Today's currency headlines
- USD: US dollar stabilizes after post-Fed volatility as markets await inflation, GDP and labour data.
- CAD: Loonie holds steady as USD/CAD settles into a narrow range following the Fed decision.
- EUR: Euro retains overnight gains, although higher unemployment limits further momentum.
- GBP: Sterling trades flat as investors await the Bank of England’s policy decision and guidance.
- JPY: Yen recovers part of its weekly losses ahead of the BoJ decision and major data.
- AUD: Aussie trades choppily as markets digest recent central bank decisions and shifting mood.
Where is USD/CAD trading today?
Daily Range:
USD/CAD has traded between a low of 1.4003 and a high of 1.4023 today.
Recent Trend:
The Canadian dollar has stabilized against the US dollar, leaving USD/CAD range-bound after the pair’s sharp post-Fed volatility lost momentum.
Short-Term Outlook:
The Canadian dollar could strengthen if US core PCE inflation, GDP or jobless claims disappoint, while stronger US data may revive demand for USD and push the pair higher.
USD/CAD daily trading range
Today, July 31, 2026, USD/CAD is trading between 1.4003 and 1.4023. The current rate of 1.4017 is 0.0014 above the day’s low and 0.0006 below the day’s high. It is currently positioned 70% of the way through today’s range, with a midpoint of 1.4013.
Current Rate
Change Today
0.04%Today's USD/CAD headlines: Pair stabilizes after post-Fed volatility
USD/CAD is trading within a narrow range as markets settle after Wednesday’s Federal Reserve decision and accompanying volatility. The US dollar rate today remains broadly stable as investors await core PCE inflation, second-quarter GDP and initial jobless claims for fresh clues about the strength of the US economy and the future policy outlook. Meanwhile, the Canadian dollar rate today is holding steady as traders digest the Fed outcome and monitor broader market sentiment. With several major US releases scheduled, the pair could remain subdued before the data but face sharper movement if the results materially exceed or miss expectations.
USD/CAD daily performance
The Canadian dollar is trading at 1.4017 per US dollar. This means C$1 buys approximately US$0.7134 before any exchange rate margin or transfer fees.
USD/CAD has traded between 1.4003 and 1.4023 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
1.4017
DAILY CHANGE %
+0.04%
DAY'S LOW
1.4003
DAY'S HIGH
1.4023
USD/CAD Daily, Weekly, Monthly and Year-to-Date Performance
We use mid-market rates. This is for informational purposes only.
Upcoming USD/CAD economic events
In upcoming FX data releases, markets will focus on US core PCE inflation, second-quarter GDP and initial jobless claims for fresh signals on price pressures, economic growth and labour-market conditions. Stronger-than-expected results could support the US dollar and lift USD/CAD, while softer readings may weigh on USD. Attention will then shift to Friday’s Canadian GDP, Chicago PMI and final Michigan consumer sentiment for further direction.
GDP MoM (May)
Chicago PMI (Jul)
Michigan Consumer Sentiment (Jul, Final)
Global FX rates against the Canadian dollar
| Currency | Rates | High | Low | Daily |
|---|---|---|---|---|
USD | 1.4017 | 1.4023 | 1.4003 | 0.04% |
 EUR | 1.6124 | 1.6155 | 1.6123 | -0.11% |
 GBP | 1.8848 | 1.8867 | 1.8837 | -0.01% |
 JPY | 114.05 | 114.73 | 113.15 | 0.16% |
 CNY | 4.8015 | 4.8251 | 4.7963 | -0.43% |
 MXN | 12.37 | 12.39 | 12.36 | -0.07% |
 INR | 68.08 | 68.28 | 67.99 | -0.06% |
| Check Out CAD Exchange Rates | ||||
Daily outlook for EUR, GBP, and JPY against the Canadian dollar
View today’s rates, market movement and short-term outlook for other major CAD currency pairs.
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Useful USD/CAD tools and forecasts
FAQs
As of July 31, 2026, the USD/CAD exchange rate is 1.4017, meaning one US Dollar buys approximately 1.4017 CAD. The pair opened at 1.4011, compared with its previous close of 1.4011, and has moved 0.04% today.
As of July 31, 2026, USD/CAD is flat on the day, with a move of 0.04%, or 0.0006, from its previous close of 1.4011.
Today, USD/CAD has traded between 1.4003 and 1.4023. The current rate of 1.4017 is 0.0014 above the day’s low and 0.0006 below the day’s high. It is currently positioned 70% of the way through today’s range, with a midpoint of 1.4013.
As of July 31, 2026, the short-term USD/CAD outlook is neutral. The pair is trading at 1.4017, compared with its 50-day moving average of 1.4100 and its 200-day moving average of 1.3800. The current price is below the 50-day average and above the 200-day average.
This outlook reflects current market momentum and does not guarantee the pair’s next move.
The USD/CAD typically moves in response to Fed and BoC interest rate expectations, oil prices, and economic data. The move has taken the pair flat by 0.04% to approximately 1.4017, compared with an opening rate of 1.4011. It remains within today’s 1.4003-1.4023, with the current price sitting 70% of the way from the daily low to the daily high.
As of July 31, 2026, USD/CAD has changed +0.04% over one day, -0.48% over five days and -1.26% over one month. Over longer periods, the pair has moved +3.21% over three months, +2.15% year to date and +1.19% over the past year.
These comparisons help show whether today’s move is part of a broader trend or a relatively short-term fluctuation.
As of July 31, 2026, USD/CAD is trading at 1.4017, within a yearly range of 1.3481 to 1.4248. The pair has changed +2.15% year to date and +1.19% over the past 12 months.
Comparing the current rate with its yearly high and low can provide useful context, but it does not indicate whether the rate will continue moving in the same direction.
A higher USD/CAD rate means one US Dollar buys more Canadian Dollars. This generally benefits someone converting USD to CAD but makes US dollars more expensive for someone converting CAD to USD.
A lower USD/CAD rate means the Canadian dollar has strengthened relative to the US dollar. At the current rate of 1.4017, one US dollar buys approximately 1.4017 Canadian dollars.
As of July 31, 2026, USD/CAD is trading at 1.4017, after moving -1.26% over the past month and +2.15% year to date. The current rate is below its 50-day moving average of 1.4100 and above its 200-day moving average of 1.3800.
Whether this is a favourable time to exchange depends on which currency you hold, your payment deadline and your tolerance for further market movement. Those with flexible timing may consider setting a rate alert, while those with a fixed future payment may explore whether a forward contract is suitable.
The market rate is a reference rate used in global currency markets. The exchange rate available for a transfer may differ because providers typically include a margin, service fee or both. Before converting, review the total amount the recipient will receive rather than comparing the headline exchange rate alone.
The final amount depends on the exchange rate offered, the transfer amount, any transaction fees and possible receiving-bank charges. The timing of the conversion can also affect the result because USD/CAD rates can change throughout the day.
Compare the total cost across providers, including the exchange-rate margin and any transfer fees. You can also use rate alerts to monitor a target rate, convert in stages to reduce timing risk or discuss a forward contract for an eligible future payment.
A forward contract may allow you to secure an exchange rate for a payment that will be made at a later date. This can make the cost of an upcoming property purchase, supplier invoice, tuition payment or other large transaction more predictable. Availability and contract terms depend on the provider and the purpose of the transfer.
Converting the full amount at once provides certainty about the total cost, but it also means your entire transaction uses one exchange rate. Splitting the amount across several transfers can reduce the risk of converting everything at an unfavourable time, although the rate may also move against you between payments.
