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

What's happening to the Canadian dollar today?

Canadian dollar news - The Canadian dollar (CAD) is finding some stability near recent lows but remains under pressure against a broadly stronger US dollar. The greenback is holding near a 19-month high as markets reassess the possibility of a larger Federal Reserve rate hike in December. Meanwhile, rising US crude inventories are weighing on oil prices, limiting support for the commodity-sensitive loonie. Attention now turns to today's US producer inflation report and Canadian manufacturing and wholesale sales figures, which could provide fresh direction for USD/CAD heading into next week.

• US producer inflation: Stronger-than-expected producer prices could reinforce expectations of tighter Fed policy and extend the US dollar's recent strength.
• Canadian business activity: Manufacturing and wholesale sales figures will offer fresh insight into domestic demand and whether the Canadian economy can support a CAD recovery.
• Oil market developments: Further pressure on crude prices could weigh on the loonie, while stabilizing energy markets may help CAD regain some ground.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of November 13, 2026, USD/CAD is trading at 1.4256, representing a -0.01% shift in the last 24 hours. Today, the pair has traded within the 1.4228-1.4271 range.

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

The Canadian dollar's worth today is approximately US$0.7015, €0.6358, £0.5310, ¥112.18, CHF0.5885 and A$1.0355. 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 (-0.01%), gaining against the euro (+0.18%), British pound (+0.14%), Japanese yen (+0.07%), Indian rupee (+0.28%), New Zealand dollar (+0.34%), Swiss franc (+0.45%) and Australian dollar (+0.49%) while losing ground against the Mexican peso (-0.84%). CAD’s strongest move among the displayed crosses is against the Australian 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 USD/CAD rising or falling today?

USD/CAD remains elevated as the US dollar maintains its advantage over the Canadian dollar, although the pair has shown signs of stabilizing. The US dollar rate today is supported by expectations of potentially more aggressive Fed tightening, while weaker crude prices continue to limit CAD demand. With important economic releases approaching, traders are reluctant to make large directional bets, leaving CAD to USD conversions sensitive to fresh inflation and domestic activity data.

Today's USD/CAD movement reflects four key factors:

• Broad US dollar strength: The greenback remains near a 19-month high, keeping USD/CAD elevated and making a sustained Canadian dollar recovery more difficult.
• Federal Reserve expectations: Speculation about a larger December rate hike continues to support USD demand as investors reassess the US monetary policy outlook.
• Weaker crude oil prices: Rising US inventories have pressured energy markets, reducing an important source of support for Canada's commodity-linked currency.
• Cautious Canadian dollar positioning: Investors are holding back ahead of domestic manufacturing and wholesale sales data, keeping the loonie near recent lows despite its tentative stabilization.

Today's currency headlines

• USD: US dollar holds near a 19-month high as markets reassess the possibility of a larger December Fed hike ahead of today's producer inflation data.
• CAD: Loonie steadies near recent lows as rising US crude inventories weigh on oil prices, with Canadian manufacturing and wholesale sales figures due today.
• EUR: Euro edges higher but remains vulnerable after the Eurozone's September trade deficit widens to €8.7 billion, reflecting higher energy import costs.
• GBP: Sterling struggles to gain momentum as Britain's quarterly trade deficit widens to £10.4 billion, tempering optimism from stronger economic growth.
• JPY: Yen remains pressured after briefly crossing 160, prompting fresh intervention warnings as questions emerge about the extent of previous US support.
• AUD: Australian dollar hovers near a ten-month low as copper prices retreat to four-month lows and fading domestic yield advantages weaken support.