Current Rate
1.4088
Trading Range
1.4057 - 1.4092
Low
1.4057
High
1.4092
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Today's Currency Headlines
- USD: US dollar trades softer as markets await initial jobless claims for fresh labour-market direction.
- CAD: Loonie strengthens as elevated crude prices provide support ahead of Canadian retail sales.
- EUR: Euro trades choppily ahead of the ECB decision and President Lagarde’s policy guidance.
- GBP: Sterling corrects lower from weekly highs as stronger oil-linked demand supports CAD.
- JPY: Yen falls to fresh lows as policy divergence and higher energy costs deepen pressure.
- AUD: Aussie recovery fades as geopolitical uncertainty limits demand for risk-sensitive currencies.
Where's the USD/CAD Trading Today?
Daily Range:
Today’s USD/CAD daily range is between a low of 1.4057 and a high of 1.4092.
Recent Trend:
The Canadian dollar has strengthened against the US dollar, pushing USD lower as elevated crude prices reinforce the loonie’s energy-linked support
Short-Term Outlook:
The Canadian dollar could extend its gains if domestic retail sales exceed expectations or oil prices remain elevated, while stronger US jobless claims data may help the USD recover.
USD/CAD Daily Trading Range
Today, July 23, 2026, USD/CAD is trading between 1.4057 and 1.4092. The current rate of 1.4088 is 0.0031 above the day’s low and 0.0004 below the day’s high. It is currently positioned 89% of the way through today’s range, with a midpoint of 1.4074.
Current Rate
Change Today
0.01%July 23, 2026 - USD/CAD Headlines: Oil-backed CAD strengthens ahead of key data
USD/CAD is trading on a weaker footing as the Canadian dollar rate today benefits from persistently elevated crude prices amid continued Middle East tensions. The pair’s next move may depend on today’s Canadian retail sales and US initial jobless claims. Stronger Canadian consumer spending could reinforce the loonie’s advance, while softer retail activity may weaken CAD. On the US side, lower-than-expected jobless claims could support the US dollar rate today by signalling continued labour-market resilience. Until the data is released, geopolitical developments and oil-price movements may continue to favour the Canadian dollar while limiting a larger USD/CAD rebound.
USD/CAD Daily Performance
As of July 23, 2026, USD/CAD is trading at 1.4088, representing a 0.01% shift in the last 24 hours. The pair is likely to trade within the 1.4057–1.4092 range.
CURRENT RATE
1.4088
DAILY CHANGE %
+0.01%
DAY'S LOW
1.4057
DAY'S HIGH
1.4092
USD/CAD Performance Year to Date
We use mid-market rates. This is for informational purposes only.
Upcoming USD/CAD Economic Events
In today’s daily FX spotlight, the economic calendar is led by US initial jobless claims and Canadian retail sales, both of which could generate near-term volatility in USD/CAD. Lower US claims may support the US dollar by signalling continued labour-market resilience, while a weaker reading could weigh on USD. For Canada, stronger-than-expected retail sales may reinforce support for the Canadian dollar today, whereas softer consumer spending could limit the loonie’s oil-driven gains.
Global FX Rates Against the Canadian Dollar
| Currency | Rates | High | Low | Daily |
|---|---|---|---|---|
 USD | 1.4088 | 1.4092 | 1.4057 | 0.01% |
 EUR | 1.6021 | 1.6080 | 1.6002 | -0.24% |
 GBP | 1.8760 | 1.8841 | 1.8753 | -0.36% |
 JPY | 116.32 | 116.51 | 115.72 | 0.47% |
 CNY | 4.7932 | 4.8216 | 4.7932 | -0.38% |
 MXN | 12.44 | 12.45 | 12.35 | 0.67% |
 INR | 68.69 | 68.75 | 68.55 | 0.19% |
| Check Out CAD Exchange Rates | ||||
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FAQs
As of July 23, 2026, the USD/CAD exchange rate is 1.4088, meaning one US Dollar buys approximately 1.4088 CAD. The pair opened at 1.4087, compared with its previous close of 1.4087, and has moved 0.01% today.
