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Daily brief - Canadian dollar holds firm near three-month highs
The Canadian dollar rate today remains broadly firm across major currencies, supported by elevated crude prices and persistent weakness in the US dollar. CAD continues to hold the upper hand over USD, EUR, GBP and JPY, while the Australian dollar is showing some resilience after rebounding from weekly lows. With Canadian retail sales and US manufacturing and services PMIs due today, the loonie remains sensitive to fresh signals on domestic demand, US growth and broader risk sentiment.
USD/CAD
Current Rate:
1.3764
Last updated:Aug 21, 2026, 12:05 p.m. ET
Trading range
1.37321.3789
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Today's currency headlines
- USD: US dollar fails to hold its overnight recovery and remains near multi-month lows as concerns over US debt and Treasury intervention weigh on confidence ahead of PMIs.
- CAD: Canadian dollar maintains broad strength near three-month highs as elevated crude continues to support the loonie, with today’s retail sales report the main catalyst.
- EUR: Euro drifts lower against CAD as mixed French and German PMIs temper enthusiasm, even though overall EU business activity improves to its strongest level in months.
- GBP: Sterling remains pressured against CAD after UK retail sales soften, while stronger services activity is offset by weaker manufacturing and ongoing fiscal concerns.
- JPY: Yen loses further ground as the boost from earlier intervention continues to fade, although firmer inflation strengthens expectations for another BoJ rate increase.
- AUD: Australian dollar rebounds from weekly lows as persistent USD weakness and a hawkish RBA backdrop provide support, but firm CAD demand keeps AUD/CAD gains constrained.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 21, 2026, 12:05 p.m. ET
The Canadian dollar is essentially unchanged against British pound, gaining against the US dollar, euro, Japanese yen and Indian rupee while losing ground against the Chinese yuan, New Zealand dollar and Australian dollar. CAD’s strongest move among the displayed crosses is against the Swiss franc, while its largest decline is against the Mexican peso.
USD / CAD
Current Rate
1.3764
Daily Change
-0.18%
EUR / CAD
Current Rate
1.6080
Daily Change
-0.10%
GBP / CAD
Current Rate
1.8776
Daily Change
-0.04%
CAD / JPY
Current Rate
115.48
Daily Change
0.09%
CAD / CNY
Current Rate
4.8664
Daily Change
-0.30%
CAD / MXN
Current Rate
12.27
Daily Change
-0.83%
CAD / INR
Current Rate
69.49
Daily Change
0.05%
NZD / CAD
Current Rate
0.8233
Daily Change
0.63%
CAD / CHF
Current Rate
0.5820
Daily Change
0.24%
AUD / CAD
Current Rate
0.9875
Daily Change
0.79%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 21, 2026, 12:05 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.18%Weekly change
−1.19%Monthly change
−2.43%3 months change
−0.09%6 months change
+0.67%Yearly change
−1.05%We use mid-market rates. This is for informational purposes only.
As of August 21, 2026, USD/CAD is trading at 1.3764, representing a -0.18% shift in the last 24 hours. The pair is likely to trade within the 1.3732-1.3789 range.
USD/CAD remains under pressure as persistent greenback weakness and firm demand for the loonie keep momentum tilted toward the Canadian dollar. The US dollar rate today remains near multi-month lows after failing to sustain its overnight recovery, while elevated crude prices continue to support a stronger CAD to USD backdrop. Today’s Canadian retail sales and US PMI releases will be important in determining whether the pair extends lower or stages a short-term rebound.
- Canadian retail sales test CAD strength: A resilient reading could reinforce confidence in domestic demand and provide another source of support for the loonie.
- US services activity comes into focus: The S&P Global Services PMI will offer a timely read on the largest part of the US economy and could influence USD sentiment.
- Manufacturing data may reshape the US outlook: The flash Manufacturing PMI will show whether factory conditions are improving or losing momentum.
- Oil continues to favour CAD: Elevated crude prices remain an important tailwind for the commodity-sensitive Canadian dollar and a headwind for USD/CAD.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 21, 2026, 12:05 p.m. ET
- Canada Retail Sales: Measures consumer spending at retailers, with stronger sales generally supporting CAD.
- US S&P Global Manufacturing PMI: Tracks US factory activity, with stronger readings generally supporting the US dollar.
- US S&P Global Services PMI: Measures US services-sector activity, with stronger readings typically supporting USD.
EventImpact
New Home Sales (Jul)
Medium
CB Consumer Confidence (Aug)
High
Manufacturing Sales MoM (Jul, Prel)
Medium
Wholesale Sales MoM (Jul, Prel)
Medium
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 August 21, 2026
EUR/CAD news and daily outlook
The euro remains under pressure against the Canadian dollar as mixed French and German PMI readings offset stronger overall Eurozone activity. Firm CAD demand and elevated oil prices continue to limit EUR/CAD recovery attempts.
Current rate
1.6080 -0.10%
Low1.6051
High1.6107
Trading Range1.6051-1.6107
GBP/CAD news and daily outlook
The pound remains weaker against the Canadian dollar after disappointing UK retail sales and mixed PMI data weigh on sterling sentiment. GBP/CAD could stay pressured if today’s Canadian retail sales reinforce the loonie’s recent strength.
Current rate
1.8776 -0.04%
Low1.8737
High1.8802
Trading Range1.8737-1.8802
CAD/JPY news and daily outlook
The yen continues to lose ground against the Canadian dollar as the impact of earlier intervention fades and persistent rate differentials weigh on JPY. Firm oil prices and broad CAD strength are making a sustained yen recovery more difficult.
Current rate
115.48 0.09%
Low115.20
High115.58
Trading Range115.20-115.58
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FAQs
As of August 21, 2026, USD/CAD is trading at 1.3764, meaning one US Dollar buys approximately 1.3764 CAD.
The USD to CAD exchange rate is 1.3764. The pair opened at 1.3789 and has moved -0.18% today.
USD/CAD is down by -0.18% 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 -0.18%, 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 -2.43% over the past month and +0.31% year-to-date. It is currently trading below its 50-day moving average of 1.4100. 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.
