Current rate
1.5690 -0.11%
-0.11%
Expected trading range1.5596 - 1.5763
USD/CAD
Current Rate:
1.4012
Last updated:Oct 23, 2026, 04:54 p.m. ET
Expected Trading range
1.39261.4061
What's happening to the Canadian dollar today?
The Canadian dollar (CAD) continues to trade near recent highs as stronger Canadian raw-material and industrial-product prices reinforce expectations that domestic inflation pressures remain firm. The loonie has also benefited from a softer US dollar, which remains near a three-week low ahead of next week’s Federal Reserve decision. Canadian retail sales are now the main domestic focus, with the release providing an important update on household spending and the broader economic outlook.
- Canadian retail sales could drive the next CAD move: Stronger consumer spending would support the domestic growth outlook and could extend the loonie’s recent gains.
- BoC expectations remain important for CAD: Further evidence of persistent price pressures could strengthen expectations that Canadian monetary policy will remain restrictive.
- US data could shift USD momentum: Today’s flash PMIs and Michigan consumer expectations may determine whether the US dollar stabilizes or remains under pressure ahead of the Fed meeting.
Where is the USD/CAD exchange rate trading today?
Current exchange rate
1.4012
Daily low
1.3968
Daily high
1.4019
Weekly change
-1.22%
Monthly change
-0.63%
3 months
-0.51%
6 months
+2.28%
Yearly change
+0.15%
We use mid-market rates. This is for informational purposes only.
Updated: Oct 23, 2026, 04:54 p.m. ET
Canadian dollar today - Rate, outlook and daily drivers
As of October 23, 2026, USD/CAD is trading at 1.4012, representing a 0.03% shift in the last 24 hours. Today, the pair has traded within the 1.3968-1.4019 range.
What is the Canadian dollar worth today against USD and other currencies?
The Canadian dollar's worth today is approximately US$0.7137, €0.6373, £0.5339, ¥111.93, CHF0.5889 and A$1.0144. 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 (-0.03%) and Japanese yen (+0.03%), gaining against the euro (+0.11%), British pound (+0.12%), Indian rupee (+0.18%) and Swiss franc (+0.60%) while losing ground against the Chinese yuan (-0.09%), Mexican peso (-0.35%), New Zealand dollar (-0.42%) and Australian dollar (-0.39%). CAD’s strongest move among the displayed crosses is against the Swiss franc, 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 USD/CAD rising or falling today?
USD/CAD remains under pressure as stronger Canadian price data supports CAD while the US dollar stays near a three-week low. The CAD to USD rate continues to benefit from firmer raw-material and industrial-product prices, while markets await Canadian retail sales for another signal on domestic economic strength. Meanwhile, the US dollar rate today remains subdued as traders position for next week’s Fed decision and await fresh US business activity and consumer sentiment data.
- Canadian price pressures support CAD: Strong gains in raw-material and industrial-product prices reinforce the view that inflation pressures remain present.
- Retail sales are the next CAD test: Stronger household spending could improve the Canadian growth outlook and provide additional support for the loonie.
- USD remains near recent lows: The dollar continues to struggle for momentum as markets favour a Fed hold at next week’s meeting.
- US activity data could change the tone: Flash PMIs and Michigan consumer expectations could influence Fed expectations and determine the next move in USD/CAD.
Upcoming USD/CAD economic events
Economic calendar as of Oct 23, 2026, 04:54 p.m. ET
Today’s focus is on Building Permits, Durable Goods Orders, and, Canada Wholesale Sales that will decide the momentum of the market. The releases could determine whether the dollar remains under pressure or finds some support.
EventImpact
Chicago Fed National Activity Index (Sep)
Medium
Building Permits (Sep)
Medium
Durable Goods Orders MoM (Sep)
High
Wholesale Sales MoM (Sep)
Medium
House Price Index MoM (Aug)
Medium
CB Consumer Confidence (Oct)
High
Economic calendar times are shown in ET. Event schedules and impact levels may change.
Planning a USD/CAD conversion?
Compare today’s CAD to USD rate and get the best exchange rates.
Today's currency headlines
- USD: US dollar holds near a three-week low as markets continue to favour a Fed hold next week, with today’s flash PMIs and Michigan consumer expectations set to test the strength of the US economy.
- CAD: Loonie extends its recent gains after Canadian raw-material and industrial-product prices rose sharply, with today’s retail sales now the key test of household spending momentum.
- EUR: Euro remains under pressure as France’s borrowing-cost premium reaches a 15-year high, with fiscal concerns and ongoing protests continuing to undermine confidence in the currency.
- GBP: Sterling holds near recent highs but loses some momentum after UK retail sales fall 0.4%, more than expected, while consumer confidence deteriorates sharply.
- JPY: Yen strengthens to its best level in more than a month as safe-haven demand rises and expectations for further BoJ tightening continue to support the currency.
- AUD: Aussie holds around 0.70, but weaker Australian services activity limits the upside after the latest PMI falls below the 50 growth threshold.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Oct 23, 2026, 04:54 p.m. ET
USD / CAD
Current Rate
1.4012
Daily Change
0.03%
EUR / CAD
Current Rate
1.5690
Daily Change
-0.11%
GBP / CAD
Current Rate
1.8729
Daily Change
-0.12%
CAD / JPY
Current Rate
111.93
Daily Change
0.03%
CAD / CNY
Current Rate
4.7635
Daily Change
-0.09%
CAD / MXN
Current Rate
13.31
Daily Change
-0.35%
CAD / INR
Current Rate
67.73
Daily Change
0.18%
NZD / CAD
Current Rate
0.7984
Daily Change
0.43%
CAD / CHF
Current Rate
0.5889
Daily Change
0.60%
AUD / CAD
Current Rate
0.9858
Daily Change
0.39%
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Canadian dollar today against EUR, GBP & JPY
As of October 23, 2026
EUR/CAD news and daily outlook
EUR/CAD remains under pressure as France’s fiscal stress weighs on the euro, while expectations for restrictive BoC policy continue to support CAD.
GBP/CAD news and daily outlook
GBP/CAD remains firm as hotter UK inflation strengthens expectations for a November BoE hike, while firmer Canadian inflation provides some offsetting support for CAD.
Current rate
1.8729 -0.12%
-0.12%
Expected trading range1.8623 - 1.8826
CAD/JPY news and daily outlook
CAD/JPY remains under pressure as stronger BoJ tightening expectations support the yen, although expectations for restrictive Bank of Canada policy help limit the downside.
Current rate
111.93 0.03%
0.03%
Expected trading range111.15 - 112.59
Useful USD/CAD tools and forecasts
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FAQs
As of October 23, 2026, USD/CAD is trading at 1.4012, meaning one US Dollar buys approximately 1.4012 CAD.
The USD to CAD exchange rate is 1.4012. The pair opened at 1.4008 and has moved 0.03% today.
USD/CAD is essentially unchanged by 0.03% 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 0.03%, 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 -0.63% over the past month and +2.12% year-to-date. It is currently trading above 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. You can check out the multi-month Canadian dollar forecast to analyze trends and make informed decisions.
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.
