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 weakening as markets weigh a sizeable negative output gap against inflation expectations that remain elevated. The mixed backdrop is complicating the Bank of Canada outlook, with investors now turning to today’s Summary of Deliberations for more detail on how policymakers assessed growth and inflation risks at their latest meeting. Meanwhile, the US dollar is holding steady ahead of key US CPI data, keeping USD/CAD supported.

• BoC deliberations could move CAD: A stronger focus on weak economic activity could reinforce expectations for less tightening and pressure the loonie.
• Inflation expectations remain important: Evidence that price pressures are proving persistent could keep further BoC tightening in consideration.
• US CPI is the key USD catalyst: A stronger inflation reading could revive expectations for a larger Fed move and push USD/CAD higher.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of November 10, 2026, USD/CAD is trading at 1.4162, representing a 0.32% shift in the last 24 hours. Today, the pair has traded within the 1.4105-1.4177 range.

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

The Canadian dollar's worth today is approximately US$0.7061, €0.6313, £0.5276, ¥112.03, CHF0.5819 and A$1.0260. 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 euro (+0.01%), gaining against the British pound (+0.09%), Japanese yen (+0.22%), Mexican peso (+0.61%), Swiss franc (+0.24%) and Australian dollar (+0.24%) while losing ground against the US dollar (-0.31%), Chinese yuan (-0.64%), Indian rupee (-0.27%) and New Zealand dollar (-0.08%). CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the Chinese yuan.

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 is moving higher as the Canadian dollar weakens while the US dollar remains steady ahead of a key US inflation report. The CAD to USD rate is under pressure as markets balance Canada’s negative output gap against still-elevated inflation expectations, creating uncertainty around the next BoC move. At the same time, the US dollar rate today remains supported by hawkish Fed commentary and the possibility that stronger inflation could keep a larger December rate hike in play.

• Canada’s output gap weighs on CAD: Spare capacity in the economy raises concerns about the strength of domestic demand.
• Inflation expectations complicate the BoC outlook: Persistent price pressures may prevent policymakers from turning decisively less hawkish.
• USD remains supported ahead of CPI: Markets are cautious before a major inflation reading that could reshape Fed expectations.
• BoC deliberations provide the next CAD signal: Today’s release could clarify how policymakers are balancing weaker growth against persistent inflation risks.

Today's currency headlines

• USD: US dollar steadies as hawkish Fed remarks keep a larger December hike in play if inflation surprises higher, putting today’s CPI firmly in focus.
• CAD: Loonie weakens as markets weigh a sizeable negative output gap against still-elevated inflation expectations, ahead of today’s BoC deliberations.
• EUR: Euro edges higher as falling energy prices ease pressure on the regional outlook, although lingering French political uncertainty limits stronger gains.
• GBP: Sterling slips as lower oil tempers expectations for further BoE hikes, while softer-than-expected retail sales add to caution around domestic demand.
• JPY: Yen remains pressured after Japan’s current account surplus narrows sharply and the trade balance returns to deficit, intervention risk limits deeper losses.
• AUD: Aussie holds modest gains despite weaker business confidence, as persistent cost pressures keep inflation risks and the RBA policy outlook in focus.