Exchange Rate
1.41408
Daily Change
-0.0045 -0.32%
Monthly
1.07%
Yearly
0.85%
Q4 Forecast
1.42085
Canadian Dollar - Summary

The Canadian dollar strengthened past C$1.42 per US dollar, rebounding from an 18-month low of 1.428 on October 12th amid a broad decline for the greenback and hawkish bets for the bank of Canada. Strong Canadian manufacturing sales boosted expectations of a Bank of Canada rate hike at its next meeting, with a majority of the market positioned for the central bank's first hike this cycle. Manufacturing sales rose 1.5% month-over-month to C$79.9 billion in August 2026, beating expectations for a 1.1% increase and marking the sharpest rise since April. However, the upbeat data contrasted with signs of a cooling economy, as employment fell by 68,300, far below expectations for a 7,000 increase, pointing to a weaker start to the third quarter. Uncertainty over US-Canada trade relations also persisted.

Canadian Dollar - Stats

The USD/CAD exchange rate fell to 1.4135 on October 16, 2026, down 0.32% from the previous session. Over the past month, the Canadian Dollar has weakened 1.03%, and is down by 0.81% 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 October 17 of 2026.

Canadian Dollar - Forecast

The USD/CAD exchange rate fell to 1.4135 on October 16, 2026, down 0.32% from the previous session. Over the past month, the Canadian Dollar has weakened 1.03%, and is down by 0.81% over the last 12 months. The Canadian Dollar is expected to trade at 1.42 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.41 in 12 months time.



Crosses Price Day Year Date
USDCAD 1.4141 -0.0045 -0.32% 0.85% Oct/16
EURCAD 1.5891 -0.0024 -0.15% -2.76% Oct/16
GBPCAD 1.8844 0.0015 0.08% 0.07% Oct/16
AUDCAD 0.9820 0.0004 0.04% 7.79% Oct/16
NZDCAD 0.7989 0.0012 0.16% -0.40% Oct/16
CADJPY 111.7603 0.3819 0.34% 4.07% Oct/16
CADCNY 4.7284 0.0127 0.27% -6.98% Oct/16
CADCHF 0.5828 -0.0002 -0.03% 3.02% Oct/16
CADARS 1,073.7754 6.6363 0.62% 3.30% Oct/16
CADBRL 3.5831 -0.0102 -0.28% -7.53% Oct/16
CADCZK 15.2595 -0.0385 -0.25% 2.72% Oct/16
CADDKK 4.7041 0.0076 0.16% 2.93% Oct/16
CADHUF 228.0966 -0.4328 -0.19% -4.23% Oct/16
CADIDR 12,776.2685 134.6646 1.07% 8.10% Oct/16
CADINR 67.2267 0.4323 0.65% 7.11% Oct/16
CADKRW 944.4350 -1.1792 -0.12% -6.86% Oct/16
CADMXN 13.0542 0.0752 0.58% -0.36% Oct/16
CADMYR 2.8834 0.0036 0.13% -4.33% Oct/16
CADRUB 59.4296 0.2951 0.50% 2.65% Oct/16
 Currencies
 CAD...
 ...CAD



Related Last Previous Unit Reference
United States Inflation Rate 3.70 3.40 percent Sep 2026
Canada Inflation Rate 3.00 3.00 percent Aug 2026
United States Fed Funds Interest Rate 4.00 3.75 percent Sep 2026
Canada Interest Rate 2.25 2.25 percent Sep 2026
Canada Unemployment Rate 6.50 6.40 percent Sep 2026
United States Unemployment Rate 4.20 4.10 percent Sep 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
1.41 1.42 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Appreciates
The Canadian dollar strengthened past C$1.42 per US dollar, rebounding from an 18-month low of 1.428 on October 12th amid a broad decline for the greenback and hawkish bets for the bank of Canada. Strong Canadian manufacturing sales boosted expectations of a Bank of Canada rate hike at its next meeting, with a majority of the market positioned for the central bank's first hike this cycle. Manufacturing sales rose 1.5% month-over-month to C$79.9 billion in August 2026, beating expectations for a 1.1% increase and marking the sharpest rise since April. However, the upbeat data contrasted with signs of a cooling economy, as employment fell by 68,300, far below expectations for a 7,000 increase, pointing to a weaker start to the third quarter. Uncertainty over US-Canada trade relations also persisted.
2026-10-15
Canadian Dollar Falls to 19-Month Low After Labor Data
The Canadian dollar weakened toward 1.43 per US dollar in October, the lowest in 19 months, as week labor data strengthened bets that the Bank of Canada will refrain from delivering a rate hike. Employment fell by 68,300, missing expectations for a 7,000 increase, while the unemployment rate edged up 0.1 percentage point to 6.5%. Recent data also pointed to a cooling economy. Real GDP rose 0.2% in August, as gains in mining and quarrying and retail trade partly offset a decline in oil and gas extraction. GDP was essentially unchanged in July, ending a three-month growth streak. Although August’s result matched expectations, it highlighted a weaker start to the third quarter. Meanwhile, uncertainty over US-Canada trade ties persisted after US President Donald Trump said Canada had been difficult to deal with, casting doubt over the prospects for a new trade deal.
2026-10-09
Canadian Dollar Nears 12-Week Low
The Canadian dollar weakened slightly to around 1.42 per US dollar in October, its lowest level in about 12 weeks, as stalled domestic growth and US dollar strength kept the loonie under pressure. Advance estimates showed real GDP increased 0.2% in August, with gains in mining and quarrying and retail trade partly offset by a decline in oil and gas extraction. GDP was essentially unchanged in July, ending a three-month run of growth. The result was in line with expectations but highlighted a weaker start to the third quarter. Soft GDP reinforced expectations for the Bank of Canada to hold rates. The US ban on various Canadian goods imports also took effect. Meanwhile, the US dollar climbed against a basket of major currencies as markets increased bets on further Federal Reserve rate increases. Expectations for a widening US-Canada interest-rate differential are reinforcing the greenback’s advantage over the loonie.
2026-10-02