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

What's happening to the Canadian dollar today?

Canadian dollar news - USD/CAD is holding near recent highs after strong US activity data lifted Treasury yields and reinforced the dollar’s rate advantage. Firmer crude prices are cushioning CAD, but today’s Canadian retail sales and US jobless claims will determine whether the loonie can recover.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of September 24, 2026, USD/CAD is trading at 1.4126, representing a 0.18% shift in the last 24 hours. Today, the pair has traded within the 1.4087-1.4150 range.

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

The Canadian dollar's worth today is approximately US$0.7079, €0.6219, £0.5350, ¥112.35, CHF0.5855 and A$1.0073. 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 Indian rupee, gaining against the Japanese yen and Swiss franc while losing ground against the US dollar, euro, British pound, Chinese yuan and Australian dollar. CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the New Zealand dollar.

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 retains an upward bias as hawkish Fed expectations outweigh the Canadian dollar’s support from higher oil prices. The US dollar rate today remains firm as markets see greater scope for additional Fed tightening, while the CAD to USD backdrop is constrained by the Bank of Canada’s lower policy rate. Relative economic strength now provides the key test for the pair.

• US activity accelerated: September’s composite PMI climbed to 58.4, its strongest reading since July 2021, signalling robust private-sector growth.
• Inflation risks reinforce Fed caution: Business input costs increased at their fastest pace in nearly four years, supporting the case for tighter US policy.
• Oil limits CAD downside: Higher crude prices are providing some commodity-linked support, preventing a sharper Canadian-dollar decline despite unfavourable rate spreads.
• Today’s data create two-sided risk: Strong Canadian retail sales could support CAD, while low US jobless claims or resilient home sales may reinforce USD.

Today's currency headlines

• USD: US dollar holds near a two-month high as strong PMIs and hawkish Fed commentary lift yields, markets now eye jobless claims for direction.
• CAD: Canadian dollar remains pressured as a wider Fed and BoC rate gap outweighs firmer oil, with retail sales providing today’s domestic test.
• EUR: Euro stays under pressure from broad USD strength, as stronger German business confidence and resilient eurozone activity limit deeper losses.
• GBP: Sterling remains vulnerable as deteriorating retail conditions and slower services activity offset hawkish BoE, firm USD adds headwinds.
• JPY: Yen remains weak as wide policy-rate divergence and cautious BoJ guidance dominate, although intervention concerns cap the downside.
• AUD: Aussie weakens after unemployment rises to 4.6%, even as jobs tick up, complicating expectations before next week’s RBA rate decision.