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Daily brief - Canadian dollar falls as trade tensions and lower oil dominate
The Canadian dollar rate today is weakening across most major currencies as renewed US-Canada trade tensions and falling oil prices outweigh broader US dollar vulnerability. CAD is losing ground to USD and EUR, while stronger Australian inflation is lifting AUD and growing Bank of Japan rate-hike expectations are supporting JPY. Today’s US inflation and growth figures are the immediate catalysts, followed by Canada’s second-quarter and June GDP releases on Friday.
USD/CAD
Current Rate:
1.3876
Last updated:Aug 26, 2026, 04:57 p.m. ET
Trading range
1.38311.3893
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Today's currency headlines
- USD: US dollar is modestly firmer as markets turn cautious before today’s PCE price index and revised GDP releases, while Treasury buyback concerns cap gains.
- CAD: Canadian dollar remains under pressure after US-Canada trade talks collapse and reciprocal tariffs escalated, raising concerns about growth outlook.
- EUR: Euro remains steady, supported by stronger German business confidence and improving economic momentum, while traders await US inflation data for direction.
- GBP: Sterling is edging lower before US PCE, although expectations of another Bank of England rate increase continue to provide underlying support.
- JPY: Japanese yen is firmer as stronger services inflation reinforces expectations for a September Bank of Japan rate increase, providing modest support.
- AUD: Aussie strengthens after July inflation exceeds forecasts, sharply increasing expectations for another Reserve Bank of Australia rate increase.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Aug 26, 2026, 04:57 p.m. ET
The Canadian dollar is essentially unchanged against none, gaining against the British pound and Swiss franc while losing ground against the US dollar, euro, Japanese yen, Chinese yuan, Indian rupee and Australian dollar. CAD’s strongest move among the displayed crosses is against the New Zealand dollar, while its largest decline is against the Mexican peso.
USD / CAD
Current Rate
1.3876
Daily Change
0.29%
EUR / CAD
Current Rate
1.6169
Daily Change
0.12%
GBP / CAD
Current Rate
1.8863
Daily Change
-0.05%
CAD / JPY
Current Rate
114.81
Daily Change
-0.21%
CAD / CNY
Current Rate
4.8437
Daily Change
-0.33%
CAD / MXN
Current Rate
12.22
Daily Change
-0.85%
CAD / INR
Current Rate
68.69
Daily Change
-0.13%
NZD / CAD
Current Rate
0.8246
Daily Change
-0.24%
CAD / CHF
Current Rate
0.5801
Daily Change
0.16%
AUD / CAD
Current Rate
0.9953
Daily Change
0.47%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Aug 26, 2026, 04:57 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
+0.29%Weekly change
+0.63%Monthly change
−1.53%3 months change
+0.46%6 months change
+1.43%Yearly change
+0.27%We use mid-market rates. This is for informational purposes only.
As of August 26, 2026, USD/CAD is trading at 1.3876, representing a 0.29% shift in the last 24 hours. The pair is likely to trade within the 1.3831-1.3893 range.
USD/CAD is moving higher as renewed US-Canada trade tensions and falling oil prices are creating greater pressure on CAD than the cautious firmness supporting USD. The US dollar rate today is modestly higher as investors position for July PCE inflation and revised second-quarter GDP, although Treasury bond-buyback concerns are limiting broader dollar demand.
The collapse of bilateral trade talks and Canada’s matching tariff response have weakened the CAD to USD backdrop by increasing uncertainty over Canadian growth and exports. The next move will depend on today’s US data, further tariff developments and Friday’s Canadian GDP releases.
- US inflation is the immediate Fed test: A stronger PCE reading could revive expectations for tighter Fed policy and lift USD/CAD, while softer inflation may pressure USD.
- Tariffs increase Canada’s economic exposure: The US imposed 50% tariffs on $27.6 billion of Canadian goods, with Canada announcing matching countermeasures and business support.
- Falling oil removes a CAD cushion: Crude prices are retreating as Iran-Oman talks raise hopes that shipping through the Strait of Hormuz could improve.
- Canadian GDP becomes the next domestic test: Friday’s second-quarter and June GDP releases will show whether recent economic momentum can withstand renewed trade disruption.
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Upcoming USD/CAD economic events
Economic calendar as of Aug 26, 2026, 04:57 p.m. ET
- Core PCE Price Index: The Fed’s preferred underlying inflation measure, with a stronger reading generally supporting USD.
- US GDP: Measures the pace of US economic growth, with a stronger reading generally supporting the US dollar.
- US Durable Goods Orders: Tracks demand for long-lasting manufactured products, with stronger orders typically supporting USD.
EventImpact
Jackson Hole Economic Policy Symposium
High
Initial Jobless Claims
High
Wholesale Inventories MoM (Jul, Advance)
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 26, 2026
EUR/CAD news and daily outlook
EUR/CAD is moving higher as improved German business confidence supports the euro, while renewed trade tensions and falling oil prices pressure CAD. Canadian GDP on Friday is the next major domestic catalyst.
Current rate
1.6169 0.12%
Low1.6144
High1.6186
Trading Range1.6144-1.6186
GBP/CAD news and daily outlook
GBP/CAD is edging higher as Bank of England rate-hike expectations support sterling and Canada-specific trade risks weigh on CAD. The pair remains sensitive to tariff headlines and Friday’s Canadian GDP.
Current rate
1.8863 -0.05%
Low1.8853
High1.8909
Trading Range1.8853-1.8909
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
114.81 -0.21%
Low114.60
High115.10
Trading Range114.60-115.10
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FAQs
As of August 26, 2026, USD/CAD is trading at 1.3876, meaning one US Dollar buys approximately 1.3876 CAD.
The USD to CAD exchange rate is 1.3876. The pair opened at 1.3836 and has moved 0.29% today.
USD/CAD is up by 0.29% 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 0.29%, 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 -1.53% over the past month and +1.13% year-to-date. It is currently trading below 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.
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.
