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 24, 2025

Canadian Dollar News - Loonie struggles for traction as oil prices slide

The US dollar rate today is trading flat as a mild pickup in risk appetite and rising expectations of future Fed easing temper demand for the greenback, leaving traders focused on Tuesday’s key data releases for fresh direction. Meanwhile, the Canadian dollar rate today is seeing only limited gains, with declining oil prices curbing any meaningful bullish momentum and keeping the loonie on the defensive. With few domestic catalysts in play ahead of Canada’s GDP release, the CAD to USD exchange rate remains stuck in a narrow range, reflecting a market still searching for conviction. Until clearer signals emerge from upcoming data, both currencies are likely to drift, with external forces continuing to dominate the near-term outlook for USD/CAD.

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, attention turns to a lighter yet meaningful economic calendar, , with Canada’s manufacturing sales release offering the main domestic cue for the Canadian dollar today. A stronger print could help the loonie stabilise after recent softness, while a weaker reading may keep CAD on the defensive. On the US side, the FX calendar features industrial production data, an important gauge of economic momentum that may influence the US dollar today as traders assess how activity trends align with the Fed’s easing outlook. With limited catalysts elsewhere, both currencies are likely to take their near-term direction from today’s data signals.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautious undertone, with the Canadian dollar rate today still struggling to find meaningful traction as the loonie contends with softer momentum and limited domestic catalysts. With markets awaiting Canada’s manufacturing sales data, traders remain hesitant to take on new CAD positions, especially as declining oil prices continue to cap upside potential. At the same time, the US dollar is drawing direction from industrial production figures, leaving broader risk sentiment to steer short-term flows. Until clearer signals emerge from both the domestic data and the US activity backdrop, the Canadian dollar rate today is likely to remain range-bound, driven more by external forces than internal strength.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 24, 2025, the USD/CAD pair trades at 1.41091, representing a 0.09% move in the last 24 hours.

USD/CAD highlights

USD stays flat as risk appetite improves: The US dollar trades sideways as mild risk appetite and rising expectations of future Fed easing soften demand for the greenback, keeping USD/CAD movement contained ahead of Tuesday’s key data releases.
Markets await fresh US catalysts: With traders watching upcoming indicators for clearer direction, CAD to USD flows remain sensitive to how the next round of US data shapes expectations around the Fed’s policy path.
CAD gains capped by weaker oil: The Canadian dollar sees limited upside as declining oil prices curb bullish momentum, leaving USD/CAD biased slightly higher while the loonie struggles to regain traction.
Focus shifts to Canada’s GDP for direction: With few domestic catalysts in play, markets are turning attention to Canada’s upcoming GDP release, leaving CAD to USD dynamics largely driven by external factors until clearer growth signals emerge.

Economic news impacting USD/CAD today

CAD Manufacturing Sales
US Industrial Production

Daily trading range

USD/CAD pair is trading near 1.41079, holding within a 1.4075–1.4130 range with a slightly bullish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of November 24, 2025, the EUR/CAD pair trades at 1.62832, representing a 0.32% move in the last 24 hours.

EUR/CAD highlights

Euro lifts despite weak IFO data The euro edges higher even after November’s disappointing German IFO readings, with cautious market sentiment helping support EUR/CAD as traders favour relative stability.
ECB policy uncertainty underpins EUR demand:Lingering uncertainty around the ECB’s policy trajectory keeps some defensive interest in the euro, guiding measured CAD to EUR flows despite the softer German outlook.
Sentiment-driven gains remain fragile: Although the euro is climbing, momentum stays tentative as mixed Eurozone signals and cautious risk appetite continue to cap EUR/CAD upside potential.

Economic news impacting EUR/CAD today

ECB President Lagarde Speech

Daily trading range

EUR/CAD pair is trading near 1.62766, holding within a 1.6240–1.6305 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 24, 2025, the GBP/CAD pair trades at 1.84706, representing a 0.03% move in the last 24 hours.

GBP/CAD highlights

Sterling momentum cools ahead of fiscal updates: The pound loses steam as markets turn cautious ahead of the Autumn Budget, keeping GBP/CAD capped despite pockets of improved risk sentiment.
Budget uncertainty limits upside: With investors awaiting clarity on the UK’s fiscal direction, appetite for sterling remains restrained, shaping cautious GBP/CAD exchange rate flows as traders avoid adding fresh positions.
Risk sentiment offers only partial support:Even as broader market mood improves, sterling’s gains remain limited by domestic fiscal concerns, leaving GBP/CAD vulnerable to renewed softness until the Budget removes uncertainty.

Economic news impacting GBP/CAD today

CBI Distributive Trades Survey

Daily trading range

GBP/CAD pair is trading near 1.8466, holding within a 1.8430–1.8495 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 24, 2025, the CAD/JPY pair trades at 111.114, representing a 0.18% move in the last 24 hours.

CAD/JPY highlights

Yen stays pressured amid fiscal concerns: The Japanese yen remains under sustained pressure as rising fiscal risks and expectations of prolonged low interest rates keep CAD/JPY elevated and the currency firmly on the defensive.
Stimulus plans deepen policy worries:Recent government remarks outlining a sizable fiscal stimulus package have reinforced doubts about Japan’s long-term financial stability, maintaining upward pressure on CAD to JPY CAD/JPY exchange rateflows.
BoJ outlook limits JPY recovery attempts:With markets increasingly convinced that the Bank of Japan will maintain accommodative policy for longer, the yen struggles to find meaningful support, keeping the bias in CAD/JPY tilted toward further strength.

Economic news impacting CAD/JPY today

Labor Day

Daily trading range

CAD/JPY pair is trading near 111.107, holding within a 110.75–111.55 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.