The Canadian dollar weakened to 1.39 per USD in early June, its lowest level in eight weeks, as escalating trade tensions and renewed conflict in the Middle East boosted demand for the US dollar. Tensions in the Gulf intensified after Iranian attacks on Kuwait, while US strikes near the Strait of Hormuz and limited diplomatic progress clouded prospects for a resolution. The stronger greenback pressured major currencies broadly. Domestically, Canada’s economy contracted at an annualized rate of 0.1% in the first quarter, following a revised 1.0% contraction in the previous quarter, highlighting persistent economic weakness. Meanwhile, S&P Global data showed Canada’s services sector returned to modest growth in May. However, firms reported heightened uncertainty linked to Middle East tensions, while higher fuel prices contributed to the fastest increase in operating costs in four years.

The USD/CAD exchange rate fell to 1.3938 on June 9, 2026, down 0.14% from the previous session. Over the past month, the Canadian Dollar has weakened 1.90%, and is down by 1.96% over the last 12 months. Historically, the USDCAD reached an all time high of 1.62 in January of 2002. Canadian Dollar - data, forecasts, historical chart - was last updated on June 9 of 2026.

The USD/CAD exchange rate fell to 1.3938 on June 9, 2026, down 0.14% from the previous session. Over the past month, the Canadian Dollar has weakened 1.90%, and is down by 1.96% over the last 12 months. The Canadian Dollar is expected to trade at 1.39 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.37 in 12 months time.



Crosses Price Day Year Date
USDCAD 1.3934 -0.0024 -0.17% 1.93% Jun/09
EURCAD 1.6098 0.0008 0.05% 3.09% Jun/09
GBPCAD 1.8645 0.0036 0.19% 1.04% Jun/09
AUDCAD 0.9829 0.0005 0.05% 10.24% Jun/09
NZDCAD 0.8128 0.0020 0.25% -1.60% Jun/09
CADJPY 114.9400 0.1805 0.16% 8.45% Jun/09
CADCNY 4.8581 -0.0030 -0.06% -7.62% Jun/09
CADCHF 0.5714 -0.0004 -0.07% -5.06% Jun/09
CADARS 1,038.1902 1.8294 0.18% 20.01% Jun/09
CADCZK 15.0368 0.0077 0.05% -5.10% Jun/09
CADDKK 4.6460 0.0013 0.03% -2.56% Jun/09
CADHUF 220.6547 -0.3113 -0.14% -14.11% Jun/09
CADIDR 12,934.8520 -70.7792 -0.54% 8.86% Jun/09
CADINR 68.5076 -0.0232 -0.03% 9.60% Jun/09
CADKRW 1,084.1964 -9.7439 -0.89% 9.67% Jun/09
CADMXN 12.5040 -0.0119 -0.10% -10.04% Jun/09
CADMYR 2.9099 0.0230 0.80% -5.76% Jun/09
CADRUB 52.3294 0.0468 0.09% -9.25% Jun/09
CADBRL 3.7231 0.0075 0.20% -8.30% Jun/08
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
Canada Inflation Rate 2.80 2.40 percent Apr 2026
Canada Interest Rate 2.25 2.25 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 2026
Canada Unemployment Rate 6.60 6.90 percent May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026

Canadian Dollar
The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.39 1.40 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Hits Eight-Week Low
The Canadian dollar weakened to 1.39 per USD in early June, its lowest level in eight weeks, as escalating trade tensions and renewed conflict in the Middle East boosted demand for the US dollar. Tensions in the Gulf intensified after Iranian attacks on Kuwait, while US strikes near the Strait of Hormuz and limited diplomatic progress clouded prospects for a resolution. The stronger greenback pressured major currencies broadly. Domestically, Canada’s economy contracted at an annualized rate of 0.1% in the first quarter, following a revised 1.0% contraction in the previous quarter, highlighting persistent economic weakness. Meanwhile, S&P Global data showed Canada’s services sector returned to modest growth in May. However, firms reported heightened uncertainty linked to Middle East tensions, while higher fuel prices contributed to the fastest increase in operating costs in four years.
2026-06-04
Canadian Dollar Hits 7-week Low
The Canadian Dollar touched 1.39 against the USD, the lowest since April 2026. Over the past 4 weeks, US Dollar Canadian Dollar gained 1.78%, and in the last 12 months, it increased 1.38%.
2026-06-03
Canadian Dollar Weakens on Soft GDP Data
The Canadian dollar weakened past 1.378 per USD in late May as weak economic data reinforced expectations of a dovish Bank of Canada. Canada's economy unexpectedly contracted in the first quarter of 2026 from a year earlier, marking a second consecutive quarter of annual decline and highlighting slowing domestic momentum. The data strengthened expectations that the BoC will keep interest rates unchanged, with markets broadly anticipating a hold at the June 10 meeting. Meanwhile, the Bank of Canada’s preferred core inflation measures slowed more than expected to their lowest levels in five years, signaling easing underlying price pressures outside the energy sector. The figures reinforced the central bank’s view that energy-driven inflation may prove temporary and further reduced the likelihood of additional rate hikes, weighing on the loonie.
2026-05-29