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Daily brief - Canadian dollar steadies as trade risks limit recovery
The Canadian dollar rate today is broadly steady, holding near flat against USD, EUR and JPY while edging higher against softer sterling and trailing the better-supported Australian dollar. Renewed US-Canada trade tensions continue to restrict CAD recovery, while sticky US inflation and resilient economic growth are supporting USD. Attention now turns to Fed Chair Kevin Warsh’s Jackson Hole address and Friday’s Canadian GDP releases.
USD/CAD
Current Rate:
1.3852
Last updated:Aug 27, 2026, 06:52 p.m. ET
Actual Trading range
1.38481.3856
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Today's currency headlines
- USD: US dollar recovers some of the weekly losses as sticky July inflation supports restrictive-rate expectations ahead of the Jackson Hole symposium.
- CAD: Canadian dollar holds steady but vulnerability persists as escalating US-Canada trade rhetoric remains a drag ahead of Friday’s Canadian GDP figures.
- EUR: Euro maintains a firm footing as contained oil prices offer support, with today’s ECB policy account providing the next domestic policy signal.
- GBP: Sterling edges lower from weekly highs as a rebounding greenback and a relatively quiet UK calendar leave it sensitive to upcoming Fed guidance.
- JPY: Yen is little changed after BoJ Deputy Governor Himino expresses support for timely tightening but stops short of signalling an imminent rate hike.
- AUD: Aussie remains supported after sticky underlying inflation increased expectations of another RBA rate rise, although firmer USD limits gains.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 27, 2026, 06:52 p.m. ET
The Canadian dollar is essentially unchanged against US dollar, New Zealand dollar and Swiss franc, gaining against the euro, British pound, Japanese yen, Chinese yuan and Mexican peso while losing ground against the none. CAD’s strongest move among the displayed crosses is against the Indian rupee, while its largest decline is against the Australian dollar.
USD / CAD
Current Rate
1.3852
Daily Change
-0.02%
EUR / CAD
Current Rate
1.6140
Daily Change
-0.14%
GBP / CAD
Current Rate
1.8829
Daily Change
-0.12%
CAD / JPY
Current Rate
115.05
Daily Change
0.23%
CAD / CNY
Current Rate
4.8512
Daily Change
0.07%
CAD / MXN
Current Rate
12.25
Daily Change
0.20%
CAD / INR
Current Rate
68.90
Daily Change
0.26%
NZD / CAD
Current Rate
0.8245
Daily Change
0.01%
CAD / CHF
Current Rate
0.5804
Daily Change
0.03%
AUD / CAD
Current Rate
0.9965
Daily Change
0.14%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 27, 2026, 06:52 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.02%Weekly change
+0.45%Monthly change
−1.92%3 months change
+0.09%6 months change
+1.57%Yearly change
+0.45%We use mid-market rates. This is for informational purposes only.
As of August 27, 2026, USD/CAD is trading at 1.3852, representing a -0.02% shift in the last 24 hours. The pair is likely to trade within the 1.3848-1.3856 range.
USD/CAD is holding near the upper end of today’s expected range as trade-related pressure on CAD offsets the broadly steady US dollar. The US dollar rate today is supported by firmer-than-expected July inflation and continued US economic resilience, while the breakdown in bilateral trade talks and renewed tariff rhetoric are constraining the CAD to USD backdrop. Friday’s Fed guidance and Canadian GDP releases could provide the next clearer directional signal.
- Sticky inflation keeps the Fed cautious: Firmer July inflation strengthened expectations that US interest rates may need to remain restrictive for longer.
- Jackson Hole could reshape USD expectations: Markets will assess how the Fed views inflation, Treasury bond buybacks and concerns surrounding US fiscal credibility.
- Tariffs broaden Canada’s economic risks: New US duties and matching Canadian countermeasures increase uncertainty for exporters, investment and domestic growth.
- Canadian GDP will test domestic resilience: Friday’s second-quarter and June figures will show how the economy performed before the latest trade escalation.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 27, 2026, 06:52 p.m. ET
- Jackson Hole Economic Policy Symposium: Central bank remarks can shift interest-rate expectations and drive volatility in USD.
- US Initial Jobless Claims: Measures new unemployment-benefit applications, with lower claims generally supporting USD.
- US Wholesale Inventories: Tracks goods held by wholesalers, offering clues about business demand and future economic growth.
EventImpact
GDP QoQ (Q2)
High
Michigan Consumer Sentiment (Aug, Final)
High
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 August 27, 2026
EUR/CAD news and daily outlook
EUR/CAD remains supported near recent highs as euro stability contrasts with trade-related pressure and softer oil weighing on CAD. Today’s ECB policy account and Friday’s Canadian GDP are the next major catalysts.
Current rate
1.6140 -0.14%
Low1.6132
High1.6153
Trading Range1.6132-1.6153
GBP/CAD news and daily outlook
GBP/CAD remains firm as Canadian-dollar weakness outweighs modest sterling softness ahead of Jackson Hole. Continued trade tensions favour the pair’s upside, although Friday’s Canadian GDP could trigger a reversal.
Current rate
1.8829 -0.12%
Low1.8810
High1.8850
Trading Range1.8810-1.8850
CAD/JPY news and daily outlook
Yen is holding firm against CAD as Canadian trade risks and softer oil outweigh the absence of a clear near-term BoJ rate signal. This keeps CAD/JPY under modest downward pressure ahead of Friday’s Canadian GDP.
Current rate
115.05 0.23%
Low115.00
High115.10
Trading Range115.00-115.10
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FAQs
As of August 27, 2026, USD/CAD is trading at 1.3852, meaning one US Dollar buys approximately 1.3852 CAD.
The USD to CAD exchange rate is 1.3852. The pair opened at 1.3855 and has moved -0.02% today.
USD/CAD is essentially unchanged by -0.02% today, with short-term market sentiment currently neutral. 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 essentially unchanged by -0.02%, with a neutral 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 -1.92% over the past month and +0.95% year-to-date. It is currently trading below its 50-day moving average of 1.4000. 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.
