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Daily brief - Canadian dollar holds firm as oil offsets trade risk
Canadian dollar rate today remains broadly firm, holding near recent highs against USD as oil’s surge above US$100 improves Canada’s terms-of-trade backdrop. CAD is mixed against EUR, GBP and AUD, while aggressive BoJ tightening expectations leave it weaker against JPY. Escalating US–Canada trade tensions and weak domestic employment are limiting gains, with Thursday’s US PPI and Friday’s CPI the next major USD/CAD catalysts.
USD/CAD
Current Rate:
1.3802
Last updated:Sep 09, 2026, 02:27 p.m. ET
Actual Trading range
1.37661.3820
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Today's currency headlines
- USD: US dollar remains near a three-week low as falling Treasury yields and persistent yen demand outweigh defensive flows before US inflation data.
- CAD: Canadian dollar holds firm near weekly highs as oil above $100 provides support, although retaliatory tariffs and weak employment constrain gains.
- EUR: Euro firms as markets anticipate an ECB rate increase tomorrow, with guidance on energy-driven inflation likely to determine further gains.
- GBP: Sterling trades near a two-week high after Bailey highlights upside inflation risks, encouraging markets to increase BoE tightening bets.
- JPY: Yen extends rally as BoJ tightening expectations strengthen and US Treasury Secretary Bessent warns markets against renewed short positions.
- AUD: Australian dollar remains near a four-month high as hawkish RBA signals and strong Chinese trade data offset weaker global risk sentiment.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 09, 2026, 02:27 p.m. ET
The Canadian dollar is essentially unchanged against none, gaining against the New Zealand dollar while losing ground against the US dollar, euro, British pound, Japanese yen, Mexican peso, Swiss franc and Australian dollar. CAD’s strongest move among the displayed crosses is against the Indian rupee, while its largest decline is against the Chinese yuan.
USD / CAD
Current Rate
1.3802
Daily Change
0.14%
EUR / CAD
Current Rate
1.6060
Daily Change
0.24%
GBP / CAD
Current Rate
1.8709
Daily Change
0.31%
CAD / JPY
Current Rate
111.18
Daily Change
-0.35%
CAD / CNY
Current Rate
4.8436
Daily Change
-0.52%
CAD / MXN
Current Rate
12.24
Daily Change
-0.22%
CAD / INR
Current Rate
68.90
Daily Change
0.17%
NZD / CAD
Current Rate
0.8062
Daily Change
-0.07%
CAD / CHF
Current Rate
0.5867
Daily Change
-0.08%
AUD / CAD
Current Rate
0.9966
Daily Change
0.15%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 09, 2026, 02:27 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.14%Weekly change
+0.06%Monthly change
−0.96%3 months change
−1.05%6 months change
+1.58%Yearly change
−0.28%We use mid-market rates. This is for informational purposes only.
As of September 9, 2026, USD/CAD is trading at 1.3802, representing a 0.14% shift in the last 24 hours. The pair is likely to trade within the 1.3766-1.3820 range.
USD/CAD is consolidating with a modest downward bias as elevated oil prices support CAD while broad US dollar demand remains subdued. The US dollar rate today is being restrained by strong yen demand and softer Treasury yields, while higher energy prices improve the CAD to USD backdrop.
However, Canadian trade risks and August’s employment decline are preventing a more decisive move lower. Direction now depends on US inflation data, geopolitical developments and whether oil sustains its latest gains.
- Oil strengthens Canada’s trade backdrop: Brent crude’s move above US$100 increases the value of Canadian energy exports and provides direct support for CAD.
- BoC expectations remain balanced: The Bank of Canada’s recent hawkish hold supports the loonie, but weaker employment complicates the case for near-term tightening.
- Trade tensions limit CAD demand: Canadian retaliatory tariffs and the threat of further US measures create uncertainty around exports, investment and economic growth.
- US inflation is the next Fed test: Thursday’s PPI and Friday’s CPI could reshape rate expectations, with firmer inflation likely to favour USD over CAD.
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Upcoming USD/CAD economic events
Economic calendar as of Sep 09, 2026, 02:27 p.m. ET
No major market-moving US release is scheduled today except ADP jobs figures, leaving USD/CAD sensitive to oil, geopolitical developments and shifting rate expectations. Tomorrow’s PPI and jobless claims are the main immediate tests for USD, while existing-home sales and wholesale inventories offer secondary signals on economic activity. Friday’s CPI remains the week’s most important US inflation catalyst
EventImpact
Producer Price Index MoM (Aug)
High
Initial Jobless Claims
High
Existing Home Sales (Aug)
Medium
Economic calendar times are shown in ET. Event schedules and impact levels may change.
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Canadian dollar today against EUR, GBP & JPY
As of September 9, 2026
EUR/CAD news and daily outlook
EUR/CAD is broadly steady as expectations of an ECB rate increase support EUR, while oil above US$100 strengthens CAD. Tomorrow’s ECB decision and US PPI could determine the pair’s next direction.
Current rate
1.6060 0.24%
Low1.6014
High1.6072
Trading Range1.6014-1.6072
GBP/CAD news and daily outlook
GBP/CAD remains range-bound as stronger BoE tightening expectations support sterling, while elevated oil prices provide counter-support for CAD. Further energy-price gains could reinforce both currencies’ hawkish policy backdrops.
Current rate
1.8709 0.31%
Low1.8648
High1.8717
Trading Range1.8648-1.8717
CAD/JPY news and daily outlook
Yen is strengthening against CAD as aggressive BoJ tightening expectations and official warnings against short positions outweigh CAD’s oil-driven support. Sustained yen demand keeps CAD/JPY biased lower ahead of the next US inflation releases.
Current rate
111.18 -0.35%
Low111.03
High111.69
Trading Range111.03-111.69
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FAQs
As of September 9, 2026, USD/CAD is trading at 1.3802, meaning one US Dollar buys approximately 1.3802 CAD.
The USD to CAD exchange rate is 1.3802. The pair opened at 1.3783 and has moved 0.14% today.
USD/CAD is up by 0.14% today, with short-term market sentiment currently bullish. A falling USD/CAD rate indicates a stronger Canadian dollar, while a rising rate indicates a weaker Canadian dollar.
The USD/CAD typically responds to Fed and BoC interest-rate expectations, oil prices and economic data. Today, the pair is up by 0.14%, with a bullish short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
USD/CAD has moved -0.96% over the past month and +0.59% year-to-date. It is currently trading below its 50-day moving average of 1.3900. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a USD-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in US dollars. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
