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 27, 2025

Canadian Dollar News - Loonie Steadies as Weak US Data Boosts Support

The US dollar rate today is attempting to pare overnight losses, but broader pressure persists amid rising expectations of Fed easing that continue to weigh on sentiment. With US markets operating in Thanksgiving-thinned liquidity, price action remains subdued. Meanwhile, the Canadian dollar rate today is edging modestly higher, supported by the softer greenback and steady sentiment as traders look ahead to Canada’s GDP report, where markets expect a mild Q3 rebound. With the CAD to USD exchange rate confined to a tight band, direction remains data-dependent, and unless US momentum shifts decisively or Canadian growth surprises to the upside, USD/CAD is likely to drift rather than break meaningfully in either direction.

Today's Global Currency Highlights

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

USD: US dollar pares some of its overnight losses but stays under pressure as growing expectations of Fed easing weigh, Thanksgiving-thinned liquidity keeps moves subdued.
CAD: Canadian dollar edges slightly higher on broader USD softness, traders eye upcoming GDP data, where markets anticipate a modest rebound in Q3 activity.
EUR: Euro eases from weekly highs, consolidates recent gains after steady consumer confidence readings, further upside limited ahead of the ECB’s meeting account.
GBP: Sterling lacks clear direction amid reduced liquidity from the US holiday, bearish tone persists as dovish BoE expectations rise following the new budget.
JPY: Yen struggles to extend its modest intraday gains against a weaker USD, fiscal concerns, improved risk tone counterbalance ongoing intervention worries.
AUD: Australian dollar moves higher after a strong jump in Q3 private capital expenditure, firm monthly inflation reinforces the RBA’s cautious stance.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, market activity is expected to be lighter as the US Thanksgiving Day thins liquidity, leaving most traders focused on non-US data appearing on the economic calendar. The main domestic catalyst for the Canadian dollar today will be Canada’s Current Account release, where even a modest rebound could help strengthen sentiment after recent softness. Meanwhile, the FX calendar also features the ECB’s Monetary Policy Meeting Account, which may influence broader risk appetite and indirectly shape flows into the US dollar today despite the holiday pause. With fewer US drivers in play, USD/CAD movement will likely hinge on how Canada’s growth figures shift expectations.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautious backdrop, with the Canadian dollar rate today still struggling to gain meaningful traction as the loonie remains highly sensitive to shifting US data signals. With no major Canadian releases on deck, traders are watching a heavy US data slate—including building permits, durable goods orders, jobless claims, Chicago PMI, and new home sales—to gauge broader market momentum. A softer turn in these indicators could ease pressure on the loonie, while stronger readings may reinforce USD strength and limit any CAD recovery. For now, the Canadian dollar rate today remains range-bound and reactive, waiting for clearer catalysts to drive direction.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 27, 2025, the USD/CAD pair trades at 1.40411, representing a -0.01% move in the last 24 hours.

USD/CAD highlights

USD softens on weak labour signals: The US dollar slips as softer labour data raises concerns about economic momentum and boosts expectations of a Fed rate cut, easing upward pressure on USD/CAD.
Fed cut expectations weigh on USD:As markets price in a more dovish Fed outlook, CAD to USD flows remain sensitive to incoming US indicators that could further shape the policy narrative.
CAD holds firm on stable BoC outlook:The Canadian dollar steadies as expectations for the Bank of Canada to keep rates unchanged help support the loonie, keeping USD/CAD contained despite broader uncertainty.
Softer USD helps cushion CAD:With the greenback losing steam, the loonie benefits from improved sentiment, limiting downside in CAD to USD dynamics even as domestic catalysts remain light

Economic news impacting USD/CAD today

US Building Permits
US Durable Goods Orders
US Initial Jobless Claims
US Chicago PMI
US New Home Sales

Daily trading range

USD/CAD pair is trading near 1.4077, holding within a 1.4045–1.4105 range with a neutral-to-slightly bearish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of November 27, 2025, the EUR/CAD pair trades at 1.62694, representing a -0.03% move in the last 24 hours.

EUR/CAD highlights

Euro steadies on improved risk tone The euro finds stability as optimism around potential Ukraine peace talks lifts global risk appetite, helping EUR/CAD hold firmer after recent softness.
Geopolitical optimism supports sentiment:Hopes for diplomatic progress provide a modest tailwind for the euro, prompting more balanced CAD to EUR flows as markets temporarily shift away from safe-haven positioning.
Focus turns to upcoming euro-zone data:With sentiment stabilising, traders now look to fresh euro-zone indicators for clearer direction, leaving EUR/CAD momentum dependent on whether incoming data reinforces or tempers the improved tone.

Economic news impacting EUR/CAD today

ECB President Lagarde Speech

Daily trading range

EUR/CADpair is trading near 1.62978, holding within a 1.6260–1.6325 range with a neutral-to-slightly bullish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of November 27, 2025, the GBP/CAD pair trades at 1.85755, representing a -0.05% move in the last 24 hours.

GBP/CAD highlights

Sterling weakens on pre-budget uncertainty:The pound declines as investors grow increasingly cautious ahead of the upcoming UK budget, keeping GBP/CAD under pressure amid rising fiscal and policy questions.
Economic worries weigh on sentiment:Concerns about the UK’s broader economic trajectory—driven by sluggish growth signals and fragile confidence—limit appetite for sterling, shaping defensive CAD to GBP flows.
Pound remains vulnerable despite broader stability:Even with steady global risk sentiment, domestic uncertainties continue to dominate the outlook, leaving GBP/CAD exposed to further softness until clearer fiscal direction emerges.

Economic news impacting GBP/CAD today

Autumn Forecast Statement (Wednesday)

Daily trading range

GBP/CAD pair is trading near 1.85523, holding within a 1.8510–1.8585 range with a slightly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of November 27, 2025, the CAD/JPY pair trades at 111.344, representing a -0.04% move in the last 24 hours.

CAD/JPY highlights

Yen softens as safe-haven flows unwind:The Japanese yen weakens as fading demand for safety reduces support for the currency, keeping CAD/JPY elevated after recent gains.
BoJ uncertainty caps recovery attempts:Persistent uncertainty around the Bank of Japan’s policy direction limits any meaningful rebound, maintaining cautious CAD to JPY flows as traders wait for clearer guidance from policymakers.
JPY remains vulnerable amid shifting sentiment:With risk appetite stabilising and no firm signals from the BoJ, the yen stays under broad pressure, reinforcing a soft near-term outlook for CAD/JPY despite small intraday fluctuations.

Economic news impacting CAD/JPY today

BoJ Board Member Noguchi's Speech

Daily trading range

CAD/JPY pair is trading near 111.062, holding within a 110.70–111.45 range with a 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.