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Canadian Dollar Today: USD/CAD Rate, News & Forecast

Author avatar for Ash Abbasi
Ash Abbasi
September 10, 2026

Daily brief - Canadian dollar balances oil support against Fed rate pressure

The Canadian dollar rate today is broadly steady as oil above US$101 offsets elevated US yields, Fed tightening expectations and persistent US–Canada trade uncertainty. CAD is little changed versus USD and AUD, modestly softer versus EUR and GBP, and firmer versus JPY. US PPI and jobless claims are today’s immediate USD/CAD catalysts, followed by Friday’s CPI.

USD/CAD

0.00%
Current Rate:

1.3833

Last updated:Sep 10, 2026, 06:25 p.m. ET

Actual Trading range

1.38221.3835

Today's expected trading range and daily short-term outlook

USD/CAD is expected to trade within the 1.3765–1.3855 range today. Oil support and subdued broad USD demand favour the lower half, while hotter PPI, lower jobless claims or renewed safe-haven demand could lift the pair. A break below 1.3765 would signal stronger CAD momentum, while a move above 1.3855 would show US inflation and yield support overpowering the oil-driven CAD bid.

Today's currency headlines

  • USD: US dollar trades narrowly near recent lows ahead of PPI and jobless claims, while elevated Treasury yields limit further downside.
  • CAD: Canadian dollar consolidates as oil above US$101 offsets support for USD from elevated yields and persistent Fed tightening expectations.
  • EUR: Euro holds firm before an expected 25-basis-point ECB increase, with Lagarde’s policy guidance likely to determine whether gains extend.
  • GBP: Sterling consolidates near a two-week high as energy-driven inflation sustains BoE tightening bets, but growth risks temper demand.
  • JPY: Yen retreats from a seven-month high as elevated US yields trigger consolidation, though firm BoJ rate-hike expectations limit losses.
  • AUD: Australian dollar slips from a four-month high as risk aversion before US inflation data offsets rising odds of another RBA increase.

Canadian dollar (CAD) daily performance against major global currencies

Updated: Sep 10, 2026, 06:25 p.m. ET
The Canadian dollar is essentially unchanged against US dollar, British pound and Swiss franc, gaining against the Japanese yen, Mexican peso, Indian rupee and New Zealand dollar while losing ground against the euro. CAD’s strongest move among the displayed crosses is against the Australian dollar, while its largest decline is against the Chinese yuan.

USD / CAD

Current Rate

1.3833

Daily Change

0.00%

EUR / CAD

Current Rate

1.6059

Daily Change

0.05%

GBP / CAD

Current Rate

1.8688

Daily Change

-0.01%

CAD / JPY

Current Rate

111.64

Daily Change

0.38%

CAD / CNY

Current Rate

4.8476

Daily Change

-0.30%

CAD / MXN

Current Rate

12.28

Daily Change

0.32%

CAD / INR

Current Rate

69.16

Daily Change

0.38%

NZD / CAD

Current Rate

0.8022

Daily Change

-0.39%

CAD / CHF

Current Rate

0.5879

Daily Change

0.03%

AUD / CAD

Current Rate

0.9900

Daily Change

-0.55%

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What is driving the Canadian dollar today?

Current Exchange Rate
1.3833Daily LOW1.3822Daily HIGH1.3835
Updated: Sep 10, 2026, 06:25 p.m. ET

USD/CAD Historical Exchange Rates

Daily change

0.00%

Weekly change

+0.28%

Monthly change

−0.76%

3 months change

−0.78%

6 months change

+1.87%

Yearly change

−0.21%

We use mid-market rates. This is for informational purposes only.

As of September 10, 2026, USD/CAD is trading at 1.3833, representing a 0.00% shift in the last 24 hours. The pair is likely to trade within the 1.3822-1.3835 range.

USD/CAD is consolidating as oil-driven CAD support is countered by elevated US yields and Fed tightening expectations. The US dollar rate today remains subdued across major currencies, but firm Treasury yields are preventing deeper losses. Oil above US$101 is strengthening Canada’s export backdrop and supporting the CAD to USD outlook, while domestic employment weakness and trade uncertainty limit CAD demand. 

Today’s PPI and jobless-claims releases should determine whether the pair breaks from its narrow range before Friday’s CPI.

  • Producer inflation is the main Fed test: Headline and core PPI are expected to accelerate, with stronger readings likely to reinforce expectations of tighter Fed policy.
  • Labour and housing data provide secondary signals: Lower jobless claims or stronger existing-home sales would indicate continued US resilience and could support USD.
  • Oil creates competing currency effects: Higher crude supports Canada’s export revenues, but the geopolitical cause of the rally also strengthens defensive USD demand.
  • Canadian risks limit CAD gains: Weak employment and continuing US–Canada trade uncertainty are offsetting support from the BoC’s recent hawkish hold.
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Upcoming USD/CAD economic events

Economic calendar as of Sep 10, 2026, 06:25 p.m. ET
  • US Producer Price Index: Measures wholesale inflation, with a stronger reading generally supporting USD by reinforcing expectations of tighter Fed policy.
  • US Initial Jobless Claims: Tracks new unemployment claims, with lower claims typically supporting USD by signalling continued labour-market strength.
  • US Existing Home Sales: Measures completed home resales, with stronger activity generally supporting USD by indicating greater housing-market resilience.
EventImpact
US flag

Inflation Rate YoY (Aug)

High
US flag

Michigan Consumer Sentiment Preliminary (Sep)

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 10, 2026

EUR/CAD news and daily outlook

Euro holds a modest advantage over CAD ahead of an expected ECB rate increase, though oil above US$101 is limiting EUR/CAD upside. Lagarde’s guidance and today’s US data will determine whether euro gains extend.

Current rate
1.6059 0.05%
Low1.6028
High1.6074
Trading Range1.6028-1.6074

GBP/CAD news and daily outlook

Sterling remains slightly firmer against CAD as energy-driven inflation sustains BoE tightening expectations, though elevated oil supports the Canadian dollar. With limited UK data, GBP/CAD may remain range-bound as global yields and risk sentiment shift.

Current rate
1.8688 -0.01%
Low1.8657
High1.8719
Trading Range1.8657-1.8719

CAD/JPY news and daily outlook

Yen is easing slightly against CAD as oil supports the Canadian currency and traders consolidate recent yen gains. Firm BoJ tightening expectations should limit yen losses, while US PPI could influence the yield backdrop.

Current rate
111.64 0.38%
Low111.03
High111.90
Trading Range111.03-111.90

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FAQs

As of September 10, 2026, USD/CAD is trading at 1.3833, meaning one US Dollar buys approximately 1.3833 CAD.