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

What's happening to the Canadian dollar today?

Canadian dollar news - The Canadian dollar (CAD) remains under pressure after Canada’s latest labour-market data showed little employment growth alongside higher unemployment, reducing expectations for further Bank of Canada tightening. At the same time, the US dollar is easing from Friday’s payroll-driven gains as market sentiment improves, which is preventing a sharper rise in USD/CAD. Attention now turns to Tuesday’s US CPI report and today’s Fed speakers for the next shift in the pair.

• Canada’s labour market remains a key CAD risk: Further signs of weaker employment conditions could reinforce expectations for a less hawkish Bank of Canada.
• US inflation is the next major USD catalyst: Tuesday’s CPI report could materially shift expectations for the Fed’s next policy move.
• Fed commentary could influence near-term direction: More hawkish remarks may support the dollar, while softer guidance could extend the current pullback.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of November 9, 2026, USD/CAD is trading at 1.4101, representing a -0.15% shift in the last 24 hours. Today, the pair has traded within the 1.4078-1.4128 range.

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

The Canadian dollar's worth today is approximately US$0.7092, €0.6339, £0.5287, ¥112.03, CHF0.5807 and A$1.0287. 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 Swiss franc (+0.03%), gaining against the US dollar (+0.15%) while losing ground against the euro (-0.21%), British pound (-0.28%), Japanese yen (-0.08%), Chinese yuan (-0.21%), Mexican peso (-0.56%), Indian rupee (-0.11%), New Zealand dollar (-0.94%) and Australian dollar (-0.30%). CAD’s strongest move among the displayed crosses is against the US dollar, 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 supported as the Canadian dollar stays under pressure following softer labour-market data, even as the US dollar gives back some of Friday’s gains. The CAD to USD rate is being held back by reduced expectations for further Bank of Canada tightening after weak employment growth and higher unemployment. Meanwhile, the US dollar rate today is slightly softer as sentiment improves, with markets now focused on US inflation and fresh Fed guidance.

• Canadian labour data weighs on CAD: Weak employment growth and higher unemployment reduce pressure on the BoC to tighten further.
• BoC expectations have cooled: A softer domestic labour backdrop is limiting support for the loonie.
• USD gives back some recent gains: Improved market sentiment is reducing demand for the greenback after Friday’s payroll-driven rise.
• US CPI is the next major test: Tuesday’s inflation report could determine whether USD/CAD extends higher or begins to reverse.

Today's currency headlines

• USD: US dollar eases from Friday’s payroll-driven gains as mood improves, markets turn to Tuesday’s CPI data and today’s Fed speakers for the next policy signal.
• CAD: Loonie remains under pressure after Canada’s labour market shows little growth and higher unemployment, cooling expectations for further BoC tightening.
• EUR: Euro firms as investor confidence beats estimates despite a modest monthly decline, while signs of stabilization in Germany offset broader growth concerns.
• GBP: Sterling holds steady ahead of Bailey, with markets watching for fresh guidance on inflation risks and whether further BoE tightening may be needed.
• JPY: Yen strengthens as Japan discloses the record scale of its FX intervention, reinforcing the risk that authorities could act again against excessive weakness.
• AUD: Aussie rebounds modestly as stronger Chinese producer-price data and improving commodity sentiment provide support after last week’s sharp decline.