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Daily brief - Loonie pressured by falling oil and widening rate gap
Canadian dollar rate today is mixed, losing ground to USD, EUR, GBP and AUD while advancing sharply versus JPY following the yen’s post-BoJ decline. Falling oil prices and a wider US–Canada interest-rate gap continue to pressure CAD, leaving it near six-week lows versus USD. With no major Canadian release today, attention turns to US industrial production, Fed commentary and further crude-market developments.
USD/CAD
Current Rate:
1.3982
Last updated:Sep 18, 2026, 07:29 p.m. ET
Expected Trading range
1.39341.4057
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Today's currency headlines
- USD: US dollar holds firm as markets continue repricing the Fed’s hawkish rate path, with industrial production and Fed commentary offering the next test.
- CAD: Canadian dollar remains pressured as falling oil prices and a wider Fed–BoC interest rate gap outweigh its sharp gains against a post-BoJ yen.
- EUR: Euro holds broadly steady as recent ECB tightening and further hike bets provide support, while resilient US rate expectations limit upside.
- GBP: Sterling edges higher after August retail sales unexpectedly rose, reinforcing economic resilience and reviving expectations for a BoE hike.
- JPY: Yen tumbles despite the BoJ’s rate increase to 1.25%, as two dissenting votes and cautious guidance disappoint traders seeking faster tightening.
- AUD: Aussie leads major currencies as Bullock issues inflation warnings, strengthening expectations for another near-term RBA rate increase.
Canadian dollar (CAD) daily performance against major global currencies
Updated: Sep 18, 2026, 07:29 p.m. ET
The Canadian dollar is essentially unchanged against euro and Indian rupee, gaining against the US dollar, Japanese yen and New Zealand dollar while losing ground against the Chinese yuan, Swiss franc and Australian dollar. CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the British pound.
USD / CAD
Current Rate
1.3982
Daily Change
-0.06%
EUR / CAD
Current Rate
1.6058
Daily Change
0.00%
GBP / CAD
Current Rate
1.8736
Daily Change
0.29%
CAD / JPY
Current Rate
112.17
Daily Change
0.65%
CAD / CNY
Current Rate
4.7887
Daily Change
-0.12%
CAD / MXN
Current Rate
12.40
Daily Change
1.08%
CAD / INR
Current Rate
68.54
Daily Change
0.01%
NZD / CAD
Current Rate
0.8001
Daily Change
-0.11%
CAD / CHF
Current Rate
0.5876
Daily Change
-0.27%
AUD / CAD
Current Rate
0.9959
Daily Change
0.13%
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What is driving the Canadian dollar today?
Current Exchange Rate
Updated: Sep 18, 2026, 07:29 p.m. ET
USD/CAD Historical Exchange Rates
Daily change
−0.06%Weekly change
+1.08%Monthly change
+0.62%3 months change
−1.09%6 months change
+1.83%Yearly change
+1.34%We use mid-market rates. This is for informational purposes only.
As of September 18, 2026, USD/CAD is trading at 1.3982, representing a -0.06% shift in the last 24 hours. Today, the pair has traded within the 1.3976-1.4015 range.
USD/CAD is holding near 1.4000 as the widening US–Canada interest-rate gap and falling crude prices create greater pressure on CAD than on USD. The US dollar rate today remains supported by the Fed’s first increase since 2023 and expectations that further tightening may follow.
Softer oil and continuing trade uncertainty are weakening the CAD to USD backdrop, while today’s US industrial production and Fed commentary could determine whether the pair extends its advance.
- Rate divergence favours USD: The Fed raised its target range to 3.75%–4.00%, while the Bank of Canada recently maintained its policy rate at 2.25%.
- Oil provides less CAD support: WTI has fallen below US$100 as progress restoring Saudi export infrastructure reduces immediate supply concerns.
- Lower yields could limit USD gains: Easing US Treasury yields are removing some support from the dollar and may restrict a sustained break higher.
- US data drives intraday risk: Stronger industrial production and hawkish Fed commentary could reinforce tightening expectations, while softer signals may encourage profit-taking.
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Upcoming USD/CAD economic events
Economic calendar as of Sep 18, 2026, 07:29 p.m. ET
Today’s calendar is light, with no major market-moving releases scheduled. US industrial production is the only notable data point, but attention is likely to remain on central bank policy, oil prices and geopolitical developments. Next week, BoC Governor Tiff Macklem’s Monday speech will be the key CAD event for guidance on inflation, growth and interest rates, followed by Tuesday’s weekly ADP estimate as an early indication of US labour market momentum.
EventImpact
ADP Employment Change Weekly
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 September 18, 2026
EUR/CAD news and daily outlook
EUR/CAD edges higher as hawkish ECB commentary supports the euro, while lower oil prices and the Fed-BoC policy gap weigh on CAD. BoC Governor Macklem’s Monday speech is the next major pair-specific catalyst.
Current rate
1.6058 0.00%
Low1.6045
High1.6080
Trading Range1.6045-1.6080
GBP/CAD news and daily outlook
GBP/CAD advances modestly after stronger-than-expected UK retail sales support sterling, while softer oil limits CAD demand. Relative policy expectations maintain a mild upward bias for the pair.
Current rate
1.8736 0.29%
Low1.8670
High1.8758
Trading Range1.8670-1.8758
CAD/JPY news and daily outlook
Yen weakens sharply against CAD despite the BoJ raising rates to 1.25%, as its split vote and cautious guidance disappoint markets. CAD/JPY retains upward momentum unless intervention concerns revive yen demand.
Current rate
112.17 0.65%
Low111.41
High112.92
Trading Range111.41-112.92
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FAQs
As of September 18, 2026, USD/CAD is trading at 1.3982, meaning one US Dollar buys approximately 1.3982 CAD.
The USD to CAD exchange rate is 1.3982. The pair opened at 1.3991 and has moved -0.06% today.
USD/CAD is down by -0.06% 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 -0.06%, 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 +0.62% over the past month and +1.90% 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.
