The Canadian dollar weakened past 1.39 per US dollar to hit a December low as persistent geopolitical friction and hawkish Federal Reserve expectations bolstered the greenback. Although energy prices have surged to 2022 highs amid the effective closure of the Strait of Hormuz the commodity-linked Loonie struggled to gain traction against a broadly firmer US dollar. Market skepticism regarding a Middle East de-escalation intensified after Iran rejected a 15-point US peace proposal and dismissed claims of ongoing negotiations while the US deployed additional troops to the region. These developments have fueled inflationary concerns and led traders to price out further Federal Reserve rate cuts with increasing bets on a potential hike by year-end. Rising US Treasury yields and the greenback's status as a global reserve currency continue to pressure the loonie while the Bank of Canada maintains its 2.25% policy rate.

The USD/CAD exchange rate rose to 1.3928 on March 31, 2026, up 0.03% from the previous session. Over the past month, the Canadian Dollar has weakened 1.84%, but it's up by 2.62% 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 March 31 of 2026.

The USD/CAD exchange rate rose to 1.3928 on March 31, 2026, up 0.03% from the previous session. Over the past month, the Canadian Dollar has weakened 1.84%, but it's up by 2.62% 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 1.3929 0.0005 0.04% -2.61% Mar/31
EURCAD 1.5977 0.0013 0.08% 3.50% Mar/31
GBPCAD 1.8393 0.0033 0.18% -0.49% Mar/31
AUDCAD 0.9542 0.0001 0.01% 6.27% Mar/31
NZDCAD 0.7963 -0.0004 -0.05% -2.24% Mar/31
CADJPY 114.6460 -0.0729 -0.06% 9.60% Mar/31
CADCNY 4.9637 -0.0036 -0.07% -2.48% Mar/31
CADCHF 0.5734 -0.0009 -0.15% -7.21% Mar/31
CADARS 1,004.0413 -0.1850 -0.02% 34.61% Mar/31
CADCZK 15.3533 -0.0340 -0.22% -4.32% Mar/31
CADDKK 4.6753 -0.0052 -0.11% -2.47% Mar/31
CADHUF 241.4818 -1.9033 -0.78% -6.69% Mar/31
CADIDR 12,208.0123 3.0984 0.03% 5.43% Mar/31
CADINR 67.6880 -0.0749 -0.11% 13.99% Mar/31
CADKRW 1,097.8235 7.8774 0.72% 7.22% Mar/31
CADMXN 12.9879 -0.0161 -0.12% -8.72% Mar/31
CADMYR 2.8887 0.0062 0.22% -6.34% Mar/31
CADBRL 3.7728 -0.0091 -0.24% -6.29% Mar/30
CADRUB 58.5517 -0.1025 -0.17% 1.50% Mar/30
 Currencies
 CAD...
 ...CAD



Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.40 percent Feb 2026
Canada Inflation Rate 1.80 2.30 percent Feb 2026
Canada Interest Rate 2.25 2.25 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Canada Unemployment Rate 6.70 6.50 percent Feb 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 1.39 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Weakens to December Lows
The Canadian dollar weakened past 1.39 per US dollar to hit a December low as persistent geopolitical friction and hawkish Federal Reserve expectations bolstered the greenback. Although energy prices have surged to 2022 highs amid the effective closure of the Strait of Hormuz the commodity-linked Loonie struggled to gain traction against a broadly firmer US dollar. Market skepticism regarding a Middle East de-escalation intensified after Iran rejected a 15-point US peace proposal and dismissed claims of ongoing negotiations while the US deployed additional troops to the region. These developments have fueled inflationary concerns and led traders to price out further Federal Reserve rate cuts with increasing bets on a potential hike by year-end. Rising US Treasury yields and the greenback's status as a global reserve currency continue to pressure the loonie while the Bank of Canada maintains its 2.25% policy rate.
2026-03-30
Canadian Dollar Weakens to 2-Month Low
The Canadian dollar weakened past 1.38 per US dollar to hit a two-month low as persistent geopolitical friction and hawkish Federal Reserve expectations bolstered the greenback. Although West Texas Intermediate crude oil prices rose beyond $92.00 amid the effective closure of the Strait of Hormuz the commodity-linked Loonie struggled to gain traction against a broadly firmer US dollar. Market skepticism regarding a Middle East de-escalation intensified after Iran rejected a 15-point US peace proposal and dismissed claims of ongoing negotiations while the US deployed additional troops to the region. These developments have fueled inflationary concerns and led traders to price out further Federal Reserve rate cuts with increasing bets on a potential hike by year-end. Rising US Treasury yields and the greenback's status as a global reserve currency continue to pressure the loonie.
2026-03-26
Canadian Dollar Weakens to 2-Month Lows
The Canadian dollar weakened to 1.375 per US dollar, marking fresh two month lows as a resurgent greenback and persistent geopolitical friction overwhelmed the brief relief from diplomatic efforts. Traders grew skeptical of a de-escalation following Iranian denials of direct talks and reports that Saudi Arabia and the UAE may join the conflict against Tehran. Although oil prices continued to rise at a more moderate pace, the ongoing attacks on US bases in the Gulf have maintained a high risk premium that complicates the inflation outlook for both the Bank of Canada and the Federal Reserve. This heightened uncertainty has led markets to price out any Federal Reserve rate cuts for 2026 as officials now signal a much more gradual easing path limited to single quarter point reductions in 2026 and 2027. Consequently the Loonie remains under intense pressure as the prospect of sustained high US interest rates and regional instability bolsters the greenback.
2026-03-24