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

What's happening to the Canadian dollar today?

Canadian dollar news - The Canadian dollar (CAD) remains under pressure as the US dollar pushes higher and long-term Treasury yields stay elevated. Friday’s weaker US payrolls reduced expectations of an immediate Fed hike, but the greenback continues to benefit from strong yield support and broader demand, while softer oil prices are limiting one of CAD’s key sources of strength. Today’s Canadian and US services data will be the next test for the pair.

• US services could revive Fed pressure: A strong ISM Services reading would reinforce the view that the US economy remains resilient and could rebuild expectations for additional tightening, supporting USD/CAD.
• Canada’s services sector needs to improve: September’s Canadian Services PMI follows a contractionary 49.1 reading, so another weak result could deepen concerns about domestic momentum and weigh further on CAD.
• Oil remains a downside risk for CAD: Further declines in crude prices would weaken commodity-linked support and leave the Canadian dollar more exposed to the US yield advantage.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of October 5, 2026, USD/CAD is trading at 1.4259, representing a -0.01% shift in the last 24 hours. Today, the pair has traded within the 1.4246-1.4261 range.

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

The Canadian dollar's worth today is approximately US$0.7013, €0.6251, £0.5304, ¥110.72, CHF0.5827 and A$1.0064. 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 US dollar (+0.01%) and Chinese yuan (-0.05%), gaining against the euro (+0.21%), British pound (+0.06%), New Zealand dollar (+0.25%) and Swiss franc (+0.09%) while losing ground against the Japanese yen (-0.07%), Mexican peso (-0.57%), Indian rupee (-0.06%) and Australian dollar (-0.38%). 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 high US Treasury yields and renewed dollar demand outweigh the impact of Friday’s softer US employment report. The US dollar rate today is being supported by long-term yields and expectations that Fed policy will remain restrictive even if the next hike is delayed, while the CAD to USD backdrop is being weakened by softer oil and concerns about Canadian services activity. Today’s PMI releases could determine whether the pair extends its recent climb or enters a period of consolidation.

• Treasury yields keep USD supported: Long-term US yields remain elevated, maintaining a substantial yield advantage and keeping demand for the dollar firm.
• Fed hike expectations have cooled, not disappeared: Softer payrolls reduced the probability of an immediate rate increase, but markets still expect policy to remain restrictive for an extended period.
• Oil provides less protection for CAD: Crude prices have eased from recent highs, reducing an important source of support for the Canadian dollar.
• Services data takes centre stage: Canadian Services PMI and US ISM Services will provide fresh evidence on relative economic momentum and could drive the next significant USD/CAD move.

Today's currency headlines

• USD: US dollar pushes higher again as expectations of another Fed hike later this year outweigh Friday’s softer payrolls, with today’s services PMIs in focus.
• CAD: Canadian dollar remains under pressure as softer oil and weak services activity limit support, eyes on today’s PMI for signs of any domestic momentum.
• EUR: Euro trades heavy as French fiscal concerns and rising government bond yields weigh on confidence, allowing the stronger US dollar to regain the upper hand.
• GBP: Sterling holds up well after UK services activity beat expectations, helping offset pressure from a firmer US dollar and elevated global yields.
• JPY: Yen stabilizes as expectations of further BoJ tightening and recent intervention support limit losses, but high US yields restrict a stronger recovery.
• AUD: Australian dollar remains subdued as softer commodity sentiment and renewed US dollar strength offset support from the RBA’s restrictive policy stance.