Currency Updates

Forecast and Trends: Canadian Dollar Today

Understand global finance dynamics by tracking key players, like the euro, pound, and the Canadian dollar today, including monitoring the USD to CAD exchange rate, as they respond to the daily exchange rates, economic shifts, market sentiment, and international trade flows using a currency converter.

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Written by Ash Abbasi

November 21, 2025

Canadian Dollar News - Loonie sinks to multi-month lows

The US dollar rate today is holding firm after a strong nonfarm payrolls print lifted sentiment around the greenback, with traders now turning their attention to upcoming Fedspeak and PMI releases for cues on whether USD strength will extend. Meanwhile, the Canadian dollar rate today has slipped to multi-month lows, struggling to regain traction against a bullish USD as markets await Canada’s retail sales data for signs of domestic resilience. With the CAD to USD exchange rate drifting toward the weaker end of its recent range, the loonie remains vulnerable to further downside unless incoming data offers a meaningful catalyst. Until then, CAD is likely to remain pressured by a combination of soft momentum at home and broad US dollar strength.

Today's Global Currency Highlights

A quick view of the CAD today against the USD and other major currencies.

USD: US dollar maintains yesterday’s firm momentum following strong nonfarm payrolls, upcoming Fedspeak and PMI releases in spotlight for direction.
CAD: Canadian dollar slips to multi-month lows, struggles to regain traction against a bullish USD as traders await the latest retail sales figures.
EUR: Euro’s attempted rebound falters after softer-than-expected EU PMIs, Lagarde hopes that recent EUR strength should aid progress on inflation.
GBP: Sterling eases from intraday highs but manages to retain most of its earlier gains, weak activity data, retail sales keep pressure in place.
JPY: Yen pulls back from fresh multi-month lows as verbal intervention risks and firmer domestic inflation data offer temporary support.
AUD: Australian dollar extends its slide despite improved PMI readings, as USD strength dominates sentiment, hawkish RBA provides cushion.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, traders are focused on a busy economic calendar, with Canada’s retail sales report taking centre stage as a key driver for the Canadian dollar today. A stronger reading could help the loonie stabilize after recent weakness, while a softer print may keep CAD under pressure. On the US side, the FX calendar features the S&P Global Manufacturing PMI, housing starts, and the Michigan Consumer Sentiment index, three influential releases that will help shape market expectations around growth momentum and policy direction, ultimately guiding the US dollar today as traders reassess the broader macro backdrop.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news highlights a cautious tone, with the Canadian dollar rate today still struggling to recover after slipping to multi-month lows. With traders awaiting Canada’s retail sales report, sentiment remains guarded as markets look for signs of domestic spending resilience. At the same time, strong US momentum, supported by firm nonfarm payrolls and upcoming releases like US manufacturing PMI, housing starts, and consumer sentiment, continues to weigh on the loonie. Until clearer signals emerge from both sides of the border, the Canadian dollar rate today is likely to stay defensive, driven more by external forces than domestic catalysts.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 21, 2025, the USD/CAD pair trades at 1.41171, representing a 0.16% move in the last 24 hours.

USD/CAD highlights

USD holds firm after strong payrolls: The US dollar maintains its upward momentum following a robust nonfarm payrolls print, keeping USD/CAD supported as traders await fresh direction from upcoming Fedspeak and PMI releases.
Focus shifts to US data and policy signals: With markets watching manufacturing PMI and Fed remarks closely, CAD to USD exchange rate remains sensitive to whether the greenback’s strength can extend or begins to cool.
Loonie slides to multi-month lows: The Canadian dollar continues to weaken, struggling to regain traction against a bullish USD and pushing USD/CAD toward the upper end of its recent range.
Retail sales in focus for CAD stability: Traders now eye Canada’s retail sales report for potential relief, though until the data is released, CAD to USD dynamics are likely to remain tilted in favour of the greenback.

Economic news impacting USD/CAD today

US S&P Global Manufacturing PMI
US Housing Starts
US Michigan Consumer Sentiment
Canada Retail Sales

Daily trading range

USD/CAD pair is holding within a 1.4060–1.4120 range with a bullish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of November 21, 2025, the EUR/CAD pair trades at 1.62423, representing a -0.02% move in the last 24 hours.

EUR/CAD highlights

Euro rebound loses momentum: The euro’s attempted recovery quickly fades after softer-than-expected EU PMI readings undermine sentiment, keeping EUR/CAD tilted lower.
Lagarde’s comments offer modest support: While ECB President Lagarde notes that recent euro strength could help guide inflation toward target, her remarks provide only limited relief, leaving EUR/CAD exchange rate cautious.
Weak data keeps pressure on euro: With PMI softness reinforcing concerns over Eurozone growth, the euro remains vulnerable, maintaining a subdued tone for EUR/CAD despite periodic intraday rebounds.

Economic news impacting EUR/CAD today

CFTC EUR speculative net positions

Daily trading range

EUR/CAD today is holding within a 1.6190–1.6255 range with a slightly bearish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of November 21, 2025, the GBP/CAD pair trades at 1.84681, representing a 0.26% move in the last 24 hours.

GBP/CAD highlights

Sterling eases off intraday highs: The pound trims part of its earlier advance but still holds onto most of its gains, leaving GBP/CAD trading with a mildly constructive tone despite renewed softness.
Weak UK activity data limits momentum: Softer activity indicators and sluggish retail sales continue to cap sterling’s upside potential, keeping GBP/CAD exchange rate cautious as markets reassess the UK’s growth backdrop.
Underlying pressure persists despite rebound: Even with the modest lift earlier in the session, broader macro headwinds and uneven data keep GBP/CAD vulnerable to pullbacks, preventing a more decisive recovery.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions

Daily trading range

GBP/CAD today is holding within a 1.8395–1.8465 range with a neutral-to-slightly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of November 21, 2025, the CAD/JPY pair trades at 110.813, representing a -0.75% move in the last 24 hours.

CAD/JPY highlights

Yen finds brief relief from intervention chatter: The Japanese yen lifts off fresh multi-month lows as renewed verbal intervention risks from authorities offer temporary support, slowing the upward momentum in CAD/JPY.
Firmer inflation data helps stabilize JPY: Stronger domestic inflation figures provide an additional layer of support, encouraging modest caution in CAD/JPY exchange rate as markets reassess the BoJ’s policy path.
Recovery remains fragile amid broader weakness: Despite the intraday bounce, underlying yen softness persists due to lingering policy uncertainty and firm USD momentum, keeping CAD/JPY biased toward elevated levels.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is holding within a 110.85–111.65 range with a slightly bullish bias.

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Written by

Ash Abbasi

Director of Sales

Ash Abbasi is the Director of Sales at MTFX, specializing in corporate FX and cross-border payment solutions for Canadian businesses. With a background in sales leadership and account management across global markets, he helps clients optimize international transactions and manage currency risk. Ash holds a degree from Aston Business School and a postgraduate diploma from Humber College.