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

What's happening to the Canadian dollar today?

Canadian dollar news - The Canadian dollar (CAD) remains heavily pressured near a multi-month low against a dominant US dollar. A convergence of macroeconomic headwinds, ranging from a cooling domestic growth outlook to dropping crude oil prices, continues to strip momentum from the Loonie. Market participants are closely watching how these factors reshape interest rate paths ahead of major upcoming labour data.

• Stalled economic momentum: Domestic data confirms that Canada’s economic rebound has lost traction, with flat July GDP figures matching predictions but highlighting a sluggish third quarter.
• Federal Reserve divergence: The greenback is drawing immense support from growing market expectations of aggressive Federal Reserve interest-rate hikes, starkly contrasting with the Bank of Canada's more cautious path.
• Weakening commodity and trade support: Escalating US-Canada trade tariffs, combined with a 3.5% drop in crude oil futures due to recovering Middle Eastern supply and US inventory builds, have severely eroded Canada’s critical export-linked backing.

Where is the USD/CAD exchange rate trading today?

Canadian dollar today - Rate, outlook and daily drivers

As of September 30, 2026, USD/CAD is trading at 1.4232, representing a 0.01% shift in the last 24 hours. Today, the pair has traded within the 1.4221-1.4233 range.

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

The Canadian dollar's worth today is approximately US$0.7026, €0.6202, £0.5297, ¥110.53, CHF0.5860 and A$1.0117. 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 US dollar (-0.01%), gaining against the Australian dollar (+0.24%) while losing ground against the euro (-0.21%), British pound (-0.62%), Japanese yen (-0.28%), Chinese yuan (-0.18%), Mexican peso (-0.85%), Indian rupee (-0.37%), New Zealand dollar (-0.16%) and Swiss franc (-0.15%). CAD’s strongest move among the displayed crosses is against the Australian dollar, while its largest decline is against the Mexican peso.

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 supported as elevated US yields and firm Fed expectations continue to outweigh the Canadian dollar’s support from oil prices. The US dollar rate today is holding up despite softer consumer confidence and JOLTS data, while the CAD to USD backdrop remains sensitive to the widening policy gap between Canada and the US. Today’s labour and inflation releases could quickly reshape expectations for the Fed and drive the next move in the pair.

• US yields support the dollar: Treasury yields remain elevated, keeping the US dollar attractive and maintaining upward pressure on USD/CAD.
• Softer US data has not broken USD momentum: Weaker consumer confidence and JOLTS figures have cooled some tightening expectations, but the dollar remains resilient.
• ADP and Core PCE take centre stage: Today’s employment and inflation data will be closely watched for signs that the Fed may need to keep policy restrictive for longer.

Today's currency headlines

• USD: US dollar remains broadly firm near recent highs as elevated yields offset softer JOLTS and confidence data, with ADP and Core PCE now in focus.
• CAD: Canadian dollar remains heavily pressured near a multi-month low, while the broader USD/CAD backdrop remains sensitive to US inflation and labour data.
• EUR: Euro attempts to stabilize as the dollar rally pauses, but firm greenback and cautious eurozone sentiment continue to limit a stronger rebound.
• GBP: Sterling is outperforming after UK Q2 growth gets revised higher, strengthening the case for a hawkish BoE stance and lifting the pound against peers.
• JPY: Yen gains ground as intervention concerns and expectations of further BoJ tightening combine with a softer USD to improve demand for the currency.
• AUD: Aussie struggles to build momentum as RBA hike is offset by cautious guidance, leaving markets less convinced about an aggressive tightening path.