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.

Get currency alerts delivered straight to your inbox.

Set an alert

Written by Ash Abbasi

November 28, 2025

Canadian Dollar News - Loonie firms as USD softens into month-end

The US dollar rate today is holding near weekly lows as month-end trading begins, with upside momentum limited after several Fed officials signalled support for a potential December rate cut, reinforcing a softer tone across the greenback. In contrast, the Canadian dollar rate today is maintaining a firmer footing, supported by broader USD weakness, though gains remain capped by softer oil prices and cautious sentiment ahead of Canada’s GDP release. With markets looking for confirmation of a modest Q3 rebound, the CAD to USD exchange rate continues to trade in a narrow range, reflecting a market still waiting for a clearer direction. Unless Canadian growth surprises or Fed expectations materially shift, USD/CAD is likely to remain steady.

Today's Global Currency Highlights

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

USD: US dollar holds near weekly lows on the final trading day of November, upside limited as multiple Fed officials signal support for a December rate cut.
CAD: Canadian dollar keeps a firm footing amid broader USD softness, gains remain constrained on weaker oil as markets look to GDP to confirm a Q3 rebound.
EUR: Euro slips further from weekly highs after mixed EU data fails to energize sentiment, traders now turn focus to German inflation for fresh direction.
GBP: Sterling retreats from Thursday’s peaks as soft retail and manufacturing surveys reinforce sluggish demand concerns, adding to BoE rate cut expectations.
JPY: Yen attempts to consolidate modest recovery gains into the week’s close but struggles to find demand, BoJ uncertainty overshadows the Tokyo CPI impact.
AUD: Australian dollar edges lower despite a cautious RBA tone, may find renewed traction if hotter inflation bolsters expectations of another rate hike.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, market attention turns to a lighter but meaningful economic calendar, with Canada’s GDP release taking centre stage for the Canadian dollar today. A confirmed rebound in Q3 activity could offer the loonie fresh support, while a softer print may leave CAD vulnerable. On the US side, the FX calendar features the Chicago PMI, a key gauge of business conditions that may influence sentiment around the US dollar today. With both data points carrying directional weight, traders are bracing for potential volatility in USD/CAD as cross-border momentum shifts in line with incoming signals.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously improving backdrop, with the Canadian dollar rate today stabilizing as traders turn their attention to Canada’s GDP release for firmer direction. While broader USD softness offers some support, weaker oil prices and lingering uncertainty around domestic momentum continue to cap CAD gains. With the Chicago PMI set to guide the US dollar today, the loonie’s next move will hinge on whether Canada’s growth figures confirm expectations of a Q3 rebound. Until then, the Canadian dollar rate today is likely to remain steady but subdued, reacting more to incoming data than to market sentiment alone.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of November 28, 2025, the USD/CAD pair trades at 1.40309, representing a 0.02% 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.

Looking for the best USD/CAD exchange rate?

Convert CAD to USD

EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of November 28, 2025, the EUR/CAD pair trades at 1.623, representing a -0.23% 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.

Save more on the EUR/CAD exchange rate.

Convert CAD to EUR

GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of November 28, 2025, the GBP/CAD pair trades at 1.85304, representing a -0.17% 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.

Don't overpay on CAD to GBP exchange rate.

Convert CAD to GBP

CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of November 28, 2025, the CAD/JPY pair trades at 111.302, representing a -0.06% 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.

Get bank-beating CAD to JPY exchange rates.

Convert CAD to JPY

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.