The US dollar rate today continues its bullish climb, marking a fifth straight session of gains as solid fundamentals keep investors favouring the greenback ahead of the weekly ADP employment change for fresh direction. Meanwhile, the Canadian dollar rate today remains under pressure, weighed down by a firm USD and weakening oil prices that continue to erode the loonie’s support. With few domestic catalysts on hand, markets are looking to Canada’s wholesale sales figures for potential signals that could influence momentum. For now, the CAD to USD exchange rate stays pinned near the weaker end of its recent range, leaving the loonie vulnerable to further USD strength unless Canadian data provides a meaningful lift.
A quick view of the CAD today against the USD and other major currencies.
| Pair | Rates | Daily | Ranges | ||
|---|---|---|---|---|---|
In today’s daily FX spotlight, traders are focused on a packed economic calendar, with Canada’s wholesale sales report offering the main domestic cue for the Canadian dollar today. A stronger reading may provide the loonie with some relief, while a softer print could reinforce its recent weakness. On the US side, the FX calendar is loaded with market-moving data, ADP employment change, retail sales, PPI, pending home sales, and consumer confidence, all of which will help shape expectations for growth, inflation, and policy direction, guiding sentiment around the US dollar today. With multiple catalysts on deck, volatility in USD/CAD may pick up as traders react to shifting cross-border signals.
| date | event | actual | consensus | previous |
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The latest Canadian dollar news highlights persistent caution, with the Canadian dollar rate today still struggling to regain traction amid soft domestic momentum. Markets are looking to Canada’s wholesale sales report for a potential spark, but weakening oil prices and limited local drivers continue to weigh on sentiment. Even modest improvements in global risk appetite have not translated into stronger CAD demand, leaving the loonie largely reactive to broader market moves rather than its own fundamentals. With traders hesitant to commit ahead of key data, the Canadian dollar today is likely to stay subdued, and any meaningful recovery may depend on stronger domestic signals emerging in the days ahead.