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Daily brief - Loonie trades defensively as Fed divergence offsets oil support
Canadian dollar rate today is mixed across major currencies, weakening against a broadly firmer USD but gaining against JPY and AUD as rising oil provides partial support. Steady Canadian inflation has reduced the urgency for further BoC tightening, leaving CAD exposed to widening US–Canada rate expectations. Today’s wholesale-sales report is the domestic focus, followed by tomorrow’s Fed decision.
USD/CAD
Current Rate:
1.3918
Last updated:Sep 15, 2026, 12:00 p.m. ET
Actual Trading range
1.38971.3929
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Today's currency headlines
- USD: US dollar strengthens as surging oil and rising Treasury yields reinforce Fed rate hike expectations before tomorrow’s policy decision.
- CAD: Canadian dollar slips despite firmer oil as steady inflation eases BoC tightening bets, with wholesale sales providing today’s domestic test.
- EUR: Euro hovers near one-month lows as higher US yields dominate, although bets of another ECB rate increase this year limit deeper losses.
- GBP: Sterling weakens after UK vacancies fall to a decade low and wage growth slows down, reinforcing expectations for a BoE hold Thursday.
- JPY: Yen retreats from a seven-month high as Fed-driven yields dominate, while Friday’s BoJ risks disappointing aggressive tightening bets.
- AUD: Aussie slips as global rate hike fears suppress risk appetite, outweighing persistent expectations for further RBA tightening.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 15, 2026, 12:00 p.m. ET
The Canadian dollar is essentially unchanged against British pound and Australian dollar, gaining against the Chinese yuan, New Zealand dollar and Swiss franc while losing ground against the US dollar, euro and Indian rupee. CAD’s strongest move among the displayed crosses is against the Japanese yen, while its largest decline is against the Mexican peso.
USD / CAD
Current Rate
1.3918
Daily Change
0.12%
EUR / CAD
Current Rate
1.6062
Daily Change
0.07%
GBP / CAD
Current Rate
1.8758
Daily Change
0.01%
CAD / JPY
Current Rate
111.45
Daily Change
0.41%
CAD / CNY
Current Rate
4.8356
Daily Change
0.15%
CAD / MXN
Current Rate
12.32
Daily Change
-0.12%
CAD / INR
Current Rate
68.89
Daily Change
-0.05%
NZD / CAD
Current Rate
0.8011
Daily Change
-0.19%
CAD / CHF
Current Rate
0.5884
Daily Change
0.07%
AUD / CAD
Current Rate
0.9919
Daily Change
-0.01%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 15, 2026, 12:00 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.12%Weekly change
+0.82%Monthly change
+0.33%3 months change
−0.51%6 months change
+1.44%Yearly change
+1.02%We use mid-market rates. This is for informational purposes only.
As of September 15, 2026, USD/CAD is trading at 1.3918, representing a 0.12% shift in the last 24 hours. The pair is likely to trade within the 1.3897-1.3929 range.
USD/CAD remains elevated as Fed hike expectations and rising Treasury yields support USD more strongly than higher oil supports CAD. The US dollar rate today is firm as markets prepare for tomorrow’s decision, with the policy statement, economic projections and Chair Kevin Warsh’s guidance likely to determine whether investors price a broader tightening cycle.
The CAD to USD backdrop remains constrained after Canadian inflation held steady, reducing the urgency for a BoC increase. Today’s wholesale-sales release could generate a near-term reaction, but relative central-bank expectations remain the larger driver.
- Fed policy dominates USD demand: Markets assign a greater than 90% probability to a quarter-point increase, placing additional emphasis on guidance concerning subsequent moves.
- BoC tightening expectations have eased: August inflation held at 3.0%, while relatively stable core measures reduced pressure for an immediate Canadian rate increase.
- Higher oil cushions CAD losses: Crude prices remain near four-month highs amid Middle East supply disruptions, providing support for Canada’s export-sensitive currency.
- Wholesale sales test Canadian momentum: The advance estimate indicated a 0.6% July decline following June’s strong increase, with confirmation potentially adding pressure to CAD.
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Upcoming USD/CAD economic events
Economic calendar as of Sep 15, 2026, 12:00 p.m. ET
Today’s ADP employment data, Empire State Manufacturing Index and Canadian wholesale sales will provide fresh readings on US hiring, factory activity and Canadian demand. However, tomorrow’s Fed decision remains the dominant catalyst, with a quarter-point increase widely expected and the projections and Chair Kevin Warsh’s press conference likely to determine the USD reaction. US retail sales could shape last-minute expectations, while the BoC deliberations may clarify how Canadian policymakers are balancing inflation against trade-related growth risks.
EventImpact
Retail Sales MoM (Aug)
High
Federal Reserve Interest Rate Decision
High
FOMC Press Conference
High
Economic calendar times are shown in ET. Event schedules and impact levels may change.
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Canadian dollar today against EUR, GBP & JPY
As of September 15, 2026
EUR/CAD news and daily outlook
EUR/CAD remains broadly steady as euro weakness from higher US yields is offset by softer BoC tightening expectations for CAD. Canadian wholesale sales provide today’s immediate test before tomorrow’s Fed decision influences global yields.
Current rate
1.6062 0.07%
Low1.6026
High1.6085
Trading Range1.6027-1.6085
GBP/CAD news and daily outlook
GBP/CAD is subdued as weak UK labour data weighs on sterling while higher oil provides partial support for CAD. Canadian wholesale sales may guide today’s direction before Thursday’s BoE decision becomes the main sterling catalyst.
Current rate
1.8758 0.01%
Low1.8718
High1.8785
Trading Range1.8718-1.8785
CAD/JPY news and daily outlook
Yen is weakening against CAD as rising oil supports the Canadian currency and worsens Japan’s import-cost outlook, while elevated US yields interrupt the yen’s rally. Friday’s BoJ decision remains the key catalyst, with tomorrow’s Fed outcome shaping relative rate expectations beforehand.
Current rate
111.45 0.41%
Low110.93
High111.66
Trading Range110.93-111.66
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FAQs
As of September 15, 2026, USD/CAD is trading at 1.3918, meaning one US Dollar buys approximately 1.3918 CAD.
The USD to CAD exchange rate is 1.3918. The pair opened at 1.3901 and has moved 0.12% today.
USD/CAD is up by 0.12% today, with short-term market sentiment currently bullish. 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 up by 0.12%, with a bullish 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 +0.33% over the past month and +1.44% year-to-date. It is currently trading above its 50-day moving average of 1.3900. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
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.
