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

What's happening to the Canadian dollar today?

The Canadian dollar (CAD) is steady after a seven-session rally as markets maintain strong expectations that the Bank of Canada could raise rates at Wednesday’s meeting. Resilient Canadian retail spending and persistent inflation concerns continue to support the loonie, although its recent upward momentum has slowed. At the same time, a stronger US dollar is putting some upward pressure on USD/CAD ahead of Wednesday’s Federal Reserve decision.

• The BoC decision could drive the next CAD move: A rate hike or hawkish guidance could renew CAD strength and push USD/CAD lower.
• Canadian economic resilience remains supportive: Further evidence of persistent inflation and solid domestic activity could strengthen expectations for tighter BoC policy.
• The Fed decision could shift USD momentum: A more hawkish policy message could extend US dollar gains, while cautious guidance could weaken USD/CAD.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of October 27, 2026, USD/CAD is trading at 1.4049, representing a -0.02% shift in the last 24 hours. Today, the pair has traded within the 1.4044-1.4052 range.

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

The Canadian dollar's worth today is approximately US$0.7118, €0.6397, £0.5350, ¥112.42, CHF0.5901 and A$1.0134. 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 (+0.02%), British pound (+0.01%) and Swiss franc (+0.02%), gaining against the euro (+0.15%) and Japanese yen (+0.07%) while losing ground against the Chinese yuan (-0.35%), Mexican peso (-0.32%), Indian rupee (-0.40%), New Zealand dollar (-0.29%) and Australian dollar (-0.42%). CAD’s strongest move among the displayed crosses is against the euro, while its largest decline is against the Australian 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 is trading more firmly as the US dollar strengthens while the Canadian dollar pauses after a seven-session rally. The US dollar rate today is supported by positioning ahead of Wednesday’s Federal Reserve decision, with markets watching for signs that a December rate hike remains possible. Meanwhile, the CAD to USD rate remains supported by expectations for a Bank of Canada hike, helping limit the pair’s upside.

• USD strengthens ahead of the Fed: Markets are positioning for Wednesday’s decision and watching for guidance on a possible December rate hike.
• CAD momentum has slowed: The loonie is consolidating after seven consecutive sessions of gains.
• BoC expectations support CAD: Resilient retail spending and persistent inflation concerns continue to strengthen the case for tighter Canadian policy.
• Central-bank decisions remain the key catalysts: Wednesday’s Fed and BoC announcements could determine the next major direction for USD/CAD.

Today's currency headlines

• USD: US dollar strengthens to a near two-week high as markets position for Wednesday’s Federal Reserve decision, with policymakers expected to hold rates but potentially keep a December hike in play.
• CAD: Loonie steadies after a seven-session rally as investors maintain strong expectations for a Bank of Canada rate hike on Wednesday, following resilient retail spending and persistent inflation concerns.
• EUR: Euro trades cautiously as Moody’s decision to maintain France’s Aa3 rating eases immediate fiscal concerns, while markets turn their attention to Thursday’s ECB decision.
• GBP: Sterling remains under pressure ahead of Wednesday’s UK Budget, with fiscal credibility, government borrowing and taxation plans likely to determine the pound’s next move.
• JPY: Yen softens as improved risk sentiment reduces recent safe-haven demand, while markets await the Bank of Japan meeting for signals on the timing of further policy tightening.
• AUD: Aussie holds around 0.7030 near recent highs as traders await Wednesday’s Australian inflation report, with persistent price pressures keeping another RBA rate hike firmly in focus.