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 market mood, with the Canadian dollar rate today still struggling to build meaningful traction as traders wait for fresh domestic catalysts. With US markets closed for Thanksgiving, liquidity is thinner, placing even greater emphasis on Canada’s GDP release as the primary driver for the loonie. A modest rebound in Q3 growth could help steady sentiment, but weakening oil prices and lingering global uncertainty continue to limit upside potential. For now, the Canadian dollar rate today remains range-bound and reactive, with investors hesitant to commit until GDP data provides clearer direction on Canada’s near-term economic momentum.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 27, 2025, the USD/CAD pair trades at 1.40315, representing a -0.08% move in the last 24 hours.

USD/CAD highlights

USD stays soft as easing expectations build: The US dollar trims part of its overnight decline but remains under pressure as markets lean further toward Fed easing, keeping USD/CAD capped.
Thin liquidity limits USD momentum: With Thanksgiving dampening market participation, price action stays subdued, and CAD to USD rate hinges on how traders position ahead of fuller liquidity.
CAD edges higher on weaker USD: The Canadian dollar nudges upward as broader USD softness provides mild support, helping USD/CAD drift lower ahead of key domestic releases.
GDP in focus for next CAD move: Traders are looking to Canada’s upcoming GDP report, expected to show a modest Q3 rebound, for clearer direction, leaving CAD to USD dynamics sensitive to any growth surprise.

Economic news impacting USD/CAD today

US Thanksgiving Day
Canada Current Account

Daily trading range

USD/CAD today is holding within a 1.4010–1.4065 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 1.62655, representing a -0.05% move in the last 24 hours.

EUR/CAD highlights

Euro pulls back from weekly highs The euro eases modestly as it consolidates recent gains, with EUR/CAD drifting lower after steady consumer confidence readings provide little fresh impetus.
Cautious tone limits upside: Although sentiment has stabilised, traders remain hesitant to extend euro buying ahead of the ECB’s meeting account, keeping CAD to EUR rate balanced but restrained.
Euro momentum remains capped: With limited new catalysts and ECB transparency in focus, EUR/CAD remains vulnerable to consolidation rather than continuation, keeping near-term upside contained.

Economic news impacting EUR/CAD today

ECB Account of Monetary Policy Meeting

Daily trading range

EUR/CAD today is holding within a 1.6235–1.6298 range with a neutral 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 1.85697, representing a -0.08% move in the last 24 hours.

GBP/CAD highlights

Sterling drifts in thin liquidity: The pound shows little direction amid reduced US holiday liquidity, leaving GBP/CAD moving narrowly as markets await fuller trading conditions.
Dovish BoE expectations weigh on sentiment: Following the new UK budget, expectations of a more dovish Bank of England have risen, keeping CAD to GBP flows cautious and limiting sterling’s ability to build momentum.
Bearish undertone persists: Despite the lack of major catalysts, broader policy concerns and soft economic signals maintain a mild bearish tone for GBP/CAD, leaving the pound vulnerable to renewed softness.

Economic news impacting GBP/CAD today

S&P Global Manufacturing PMI (Monday)

Daily trading range

GBP/CAD today holding within a 1.8540–1.8605 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 111.422, representing a 0.03% move in the last 24 hours.

CAD/JPY highlights

Yen struggles to build on intraday gains: The Japanese yen finds it difficult to extend its modest recovery against a softer USD, leaving CAD/JPY supported as broader JPY momentum remains weak.
Fiscal concerns offset USD softness: Japan’s ongoing fiscal challenges continue to weigh on sentiment, counterbalancing the impact of a weaker greenback and keeping CAD to JPY flows tilted higher.
Improved risk tone limits safe-haven demand: A steadier global risk backdrop reduces appetite for the yen, while lingering intervention worries fail to spark meaningful support.

Economic news impacting CAD/JPY today

Unemployment Rate
Tokyo CPI
Retail Sales

Daily trading range

CAD/JPY today is holding within a 110.95–111.70 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.