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

What's happening to the Canadian dollar today?

Canadian dollar news - USD/CAD is extending its recent advance as the US dollar holds near a two-month high, supported by hawkish Fed expectations and elevated Treasury yields. Higher oil prices are providing some support for CAD, but expectations of a wider US-Canada interest-rate gap continue to dominate, leaving the pair near recent highs.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of September 28, 2026, USD/CAD is trading at 1.4171, representing a 0.23% shift in the last 24 hours. Today, the pair has traded within the 1.4138-1.4175 range.

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

The Canadian dollar's worth today is approximately US$0.7057, €0.6207, £0.5324, ¥111.07, CHF0.5870 and A$1.0050. 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 euro (-0.02%) and Indian rupee (-0.02%), gaining against the Mexican peso (+0.34%) and Swiss franc (+0.24%) while losing ground against the US dollar (-0.23%), British pound (-0.30%), Japanese yen (-0.07%), Chinese yuan (-0.80%), New Zealand dollar (-0.43%) and Australian dollar (-0.26%). CAD’s strongest move among the displayed crosses is against the Mexican peso, while its largest decline is against the Chinese yuan.

For a broader view of the currency moves and the events ahead, see our weekly Canadian dollar outlook.

Why is the USD/CAD rising or falling today?

USD/CAD remains elevated as firm US rate expectations outweigh the Canadian dollar’s support from higher oil prices. The US dollar rate today is benefiting from stronger US fundamentals, inflation concerns and expectations that the Fed may need to maintain a tighter policy stance, while the CAD to USD backdrop remains constrained by the Bank of Canada’s lower policy rate. Markets are now turning toward this week’s US labour, inflation and growth data for the pair’s next major catalyst.

• Fed expectations favour USD: Robust US fundamentals and renewed inflation concerns are encouraging expectations for a more hawkish Federal Reserve, while elevated Treasury yields continue to support the dollar.
• Rate gap pressures CAD: Bank of Canada’s lower policy rate is increasing focus on the widening interest-rate differential between Canada and the US.
• Higher oil supports CAD: Elevated crude prices are providing some commodity-linked support for the Canadian dollar, helping limit the extent of CAD weakness.
• Major US data comes next: Markets are looking ahead to consumer confidence, JOLTS, ADP employment, Core PCE inflation and GDP data this week for fresh signals on the US economy and Fed outlook.

Today's currency headlines

• USD: US dollar holds near a two-month high as hawkish Fed and renewed US-Iran tensions reinforce demand ahead of this week’s inflation and labour data.
• CAD: Canadian dollar remains pressured as Fed-BoC divergence favours the greenback, but Brent crude above US$106 provides stronger commodity-linked support.
• EUR: Euro trades near two-month lows against USD as stronger US yields and further Fed tightening bet outweigh support from the ECB’s firm policy stance.
• GBP: Sterling remains close to three-month lows against USD as markets question how far the BoE can tighten despite Bailey’s renewed inflation risk warnings.
• JPY: Yen weakens as elevated US yields maintain pressure; renewed US-Japan concern over yen undervaluation keeps intervention risk firmly in focus.
• AUD: Aussie steady ahead of Tuesday’s RBA meeting; markets expect a 25-bps hike to 4.60% as inflation pressures keep tightening expectations elevated.