Current rate
1.5813 -0.48%
-0.48%
Expected trading range1.5724 - 1.5942
USD/CAD
Current Rate:
1.4104
Last updated:Oct 19, 2026, 10:22 a.m. ET
Expected Trading range
1.40281.4176
What's happening to the Canadian dollar today?
Canadian dollar news - The Canadian dollar (CAD) is extending its recovery against the US dollar and other major currencies, supported by stronger-than-expected Canadian housing starts and a broader pullback in USD. USD/CAD is moving lower as markets reduce expectations for an October Fed hike, while today’s Canadian inflation report is now the main domestic catalyst. A firm CPI reading could strengthen expectations that the Bank of Canada will remain cautious on easing and give CAD further upside.
- Canadian inflation could extend CAD gains: A stronger CPI reading would reinforce concerns about persistent price pressures and could push USD/CAD lower, while softer inflation may slow the loonie’s recovery.
- BoC business sentiment could shape the policy outlook: Today’s Business Outlook Survey will provide fresh insight into demand, investment and inflation expectations across Canadian firms.
- US housing data is the next USD test: Tuesday’s housing starts and building permits will show whether the US housing sector is maintaining momentum and could influence expectations for Fed policy.
Where is the USD/CAD exchange rate trading today?
Current exchange rate
1.4104
Daily low
1.4070
Daily high
1.4134
Weekly change
-0.78%
Monthly change
+0.87%
3 months
+0.60%
6 months
+3.04%
Yearly change
+0.63%
We use mid-market rates. This is for informational purposes only.
Updated: Oct 19, 2026, 10:22 a.m. ET
Canadian dollar today - Rate, outlook and daily drivers
As of October 19, 2026, USD/CAD is trading at 1.4104, representing a -0.24% shift in the last 24 hours. Today, the pair has traded within the 1.4071-1.4134 range.
What is the Canadian dollar worth today against USD and other currencies?
The Canadian dollar's worth today is approximately US$0.7090, €0.6324, £0.5324, ¥112.35, CHF0.5855 and A$1.0146. 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 none, gaining against the US dollar (+0.24%), euro (+0.48%), British pound (+0.33%), Japanese yen (+0.57%), Indian rupee (+0.14%) and Swiss franc (+0.49%) while losing ground against the Chinese yuan (-0.11%), Mexican peso (-0.72%), New Zealand dollar (-0.08%) and Australian dollar (-0.44%). CAD’s strongest move among the displayed crosses is against the Japanese yen, 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 the USD/CAD rising or falling today?
USD/CAD is falling as stronger Canadian momentum combines with a broadly softer US dollar. The loonie has gained support from better-than-expected housing starts, while reduced expectations for an October Fed hike continue to weigh on the US dollar rate today. The improving CAD backdrop has also lifted the CAD to USD rate, with markets now looking to Canadian inflation for confirmation that the recent move can continue.
- Canadian housing starts surprised positively: Stronger residential construction activity has improved sentiment toward the Canadian economy and provided fresh support for CAD.
- USD momentum remains subdued: Reduced expectations for an October Fed hike are limiting demand for the greenback and helping push USD/CAD lower.
- CAD is outperforming broadly: The loonie is strengthening against USD, EUR and GBP, signalling a wider improvement in Canadian dollar demand rather than an isolated USD move.
- Canadian CPI is today’s major catalyst: Inflation data could determine whether the current CAD rally extends or loses momentum as markets reassess the Bank of Canada outlook.
Upcoming USD/CAD economic events
Economic calendar as of Oct 19, 2026, 10:22 a.m. ET
Today’s focus is on Canadian inflation and the BoC Business Outlook Survey, with CPI likely to have the greatest impact on CAD and expectations for the Bank of Canada’s next move. The business survey will add further insight into demand, investment and inflation expectations across Canadian firms.
EventImpact
Business Outlook Survey
Medium
ADP Employment Change Weekly
Medium
Housing Starts (Sep)
High
Building Permits (Sep)
High
Pending Home Sales MoM (Sep)
Medium
Economic calendar times are shown in ET. Event schedules and impact levels may change.
Planning a USD/CAD conversion?
Compare today’s CAD to USD rate and get the best exchange rates.
Today's currency headlines
- USD: US dollar remains broadly subdued after last week’s pullback as reduced bets for an October Fed hike limit momentum ahead of Tuesday's housing data releases.
- CAD: Loonie extends gains against majors after stronger-than-expected housing starts and USD pullback, today’s CPI report now the key test for upward momentum.
- EUR: Euro comes under renewed pressure as unrest in France deepens concerns over political stability and the government’s ability to deliver fiscal reforms.
- GBP: Sterling remains strong against EUR but slips against CAD and USD, eyes on upcoming UK employment and wage data for the next signal on the BoE outlook.
- JPY: Yen holds relatively steady after BoJ Governor Ueda says underlying inflation is now close to the 2% target, reinforcing expectations of a BoJ rate hike.
- AUD: Aussie advances as stronger-than-expected Chinese growth data improves the regional backdrop, helping AUD recover from last week’s employment-driven softness.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Oct 19, 2026, 10:22 a.m. ET
USD / CAD
Current Rate
1.4104
Daily Change
-0.24%
EUR / CAD
Current Rate
1.5813
Daily Change
-0.48%
GBP / CAD
Current Rate
1.8781
Daily Change
-0.33%
CAD / JPY
Current Rate
112.35
Daily Change
0.57%
CAD / CNY
Current Rate
4.7232
Daily Change
-0.11%
CAD / MXN
Current Rate
13.07
Daily Change
-0.72%
CAD / INR
Current Rate
67.24
Daily Change
0.14%
NZD / CAD
Current Rate
0.7997
Daily Change
0.08%
CAD / CHF
Current Rate
0.5855
Daily Change
0.49%
AUD / CAD
Current Rate
0.9857
Daily Change
0.45%
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Canadian dollar today against EUR, GBP & JPY
As of October 19, 2026
EUR/CAD news and daily outlook
EUR/CAD remains under pressure as French political and fiscal uncertainty weighs on the euro, while stronger Canadian momentum supports CAD ahead of today’s inflation report.
GBP/CAD news and daily outlook
GBP/CAD moves lower as broad CAD strength outweighs sterling’s supportive UK backdrop, with markets also awaiting upcoming UK employment and wage data.
Current rate
1.8781 -0.33%
-0.33%
Expected trading range1.8693 - 1.8901
CAD/JPY news and daily outlook
CAD/JPY remains supported by broad Canadian dollar strength, although growing expectations for another BoJ rate hike are providing the yen with firmer underlying support.
Current rate
112.35 0.57%
0.57%
Expected trading range111.14 - 112.81
Useful USD/CAD tools and forecasts
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FAQs
As of October 19, 2026, USD/CAD is trading at 1.4104, meaning one US Dollar buys approximately 1.4104 CAD.
The USD to CAD exchange rate is 1.4104. The pair opened at 1.4105 and has moved -0.24% today.
USD/CAD is down by -0.24% today, with short-term market sentiment currently bearish. A falling USD/CAD rate indicates a stronger Canadian dollar, while a rising rate indicates a weaker Canadian dollar.
The USD/CAD typically responds to Fed and BoC interest rate expectations, oil prices and economic data. Today, the pair is down by -0.24%, with a bearish short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
USD/CAD has moved +0.87% over the past month and +2.79% year-to-date. It is currently trading above its 50-day moving average of 1.4000. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement. You can check out the multi-month Canadian dollar forecast to analyze trends and make informed decisions.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a USD-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in US dollars. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
