The Canadian dollar weakened to 1.37 per US dollar, testing one-month lows as a surge in geopolitical risk and a shrinking domestic economy triggered a move back into the US dollar. Despite a massive 8% spike in oil prices following the closure of the Strait of Hormuz, the Loonie struggled to find support as the greenback’s safe-haven appeal dominated global markets. Internal pressures intensified after fourth-quarter data confirmed a 0.6% contraction in Canada’s GDP, highlighting the slowest growth period since 2020. While the February manufacturing PMI hit a 13-month high of 51, the positive data was overshadowed by fears that a prolonged Middle East conflict will disrupt 20% of global oil shipments and reignite inflation. Even with favorable trade exemptions from new US duties, the Canadian dollar remains pinned near one-month lows as the Bank of Canada faces the difficult task of balancing high energy costs against a cooling domestic economy.

The USD/CAD exchange rate fell to 1.3669 on March 3, 2026, down 0.06% from the previous session. Over the past month, the Canadian Dollar has weakened 0.05%, but it's up by 5.04% 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 3 of 2026.

The USD/CAD exchange rate fell to 1.3669 on March 3, 2026, down 0.06% from the previous session. Over the past month, the Canadian Dollar has weakened 0.05%, but it's up by 5.04% over the last 12 months. The Canadian Dollar is expected to trade at 1.36 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.34 in 12 months time.



Crosses Price Day Year Date
USDCAD 1.3668 -0.0009 -0.06% -5.05% Mar/03
EURCAD 1.5877 -0.0108 -0.67% 3.80% Mar/03
GBPCAD 1.8259 -0.0077 -0.42% -0.86% Mar/03
AUDCAD 0.9631 -0.0071 -0.73% 6.67% Mar/03
NZDCAD 0.8059 -0.0065 -0.80% -0.39% Mar/03
CADJPY 115.2870 0.2003 0.17% 10.80% Mar/03
CADCNY 5.0586 0.0127 0.25% 0.39% Mar/03
CADCHF 0.5717 0.0018 0.31% -7.50% Mar/03
CADARS 1,035.3355 16.0979 1.58% 40.10% Mar/03
CADBRL 3.8659 0.0844 2.23% -6.68% Mar/03
CADCZK 15.3922 0.2129 1.40% -6.16% Mar/03
CADDKK 4.7122 0.0386 0.83% -3.37% Mar/03
CADHUF 244.5116 6.9346 2.92% -6.34% Mar/03
CADIDR 12,399.8683 70.0495 0.57% 8.93% Mar/03
CADINR 67.4127 0.4478 0.67% 11.27% Mar/03
CADKRW 1,085.7028 22.5877 2.12% 7.50% Mar/03
CADMXN 12.9254 0.2650 2.09% -9.68% Mar/03
CADMYR 2.8789 0.0079 0.28% -7.21% Mar/03
CADRUB 56.5557 -0.0921 -0.16% -9.29% Mar/03
 Currencies
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Related Last Previous Unit Reference
Canada Inflation Rate 2.30 2.40 percent Jan 2026
United States Inflation Rate 2.40 2.70 percent Jan 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jan 2026
Canada Interest Rate 2.25 2.25 percent Jan 2026
Canada Unemployment Rate 6.50 6.80 percent Jan 2026
United States Unemployment Rate 4.30 4.40 percent Jan 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
1.37 1.37 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Hovers Around 1-Month Lows
The Canadian dollar weakened to 1.37 per US dollar, testing one-month lows as a surge in geopolitical risk and a shrinking domestic economy triggered a move back into the US dollar. Despite a massive 8% spike in oil prices following the closure of the Strait of Hormuz, the Loonie struggled to find support as the greenback’s safe-haven appeal dominated global markets. Internal pressures intensified after fourth-quarter data confirmed a 0.6% contraction in Canada’s GDP, highlighting the slowest growth period since 2020. While the February manufacturing PMI hit a 13-month high of 51, the positive data was overshadowed by fears that a prolonged Middle East conflict will disrupt 20% of global oil shipments and reignite inflation. Even with favorable trade exemptions from new US duties, the Canadian dollar remains pinned near one-month lows as the Bank of Canada faces the difficult task of balancing high energy costs against a cooling domestic economy.
2026-03-02
Canadian Dollar Climbs to 2-Week High
The Canadian dollar appreciated toward 1.36 per US dollar reaching two-week highs amid a global trade pivot favoring Canada’s relative stability over US policy uncertainty. While the economy officially shrank by 0.6% in the fourth quarter, the Loonie climbed because the US Supreme Court struck down broad emergency tariffs. Although the White House responded with new Section 122 duties, these rules explicitly exempt trade-compliant goods from Canada. Furthermore, while US producer prices came in higher than expected, the US dollar remained flat as investors focused on falling Treasury yields. Canada also benefited from a recovery in oil prices toward $66 after progress stalled in nuclear talks. This combination of secured trade status and higher energy prices allowed the currency to ignore the domestic growth slump. Investors are essentially treating the Loonie as a stable alternative in a messy North American trade environment.
2026-02-27
Canadian Dollar Hits 4-week Low
The Canadian Dollar touched 1.37 against the USD, the lowest since January 2026. Over the past 4 weeks, US Dollar Canadian Dollar gained 0.11%, and in the last 12 months, it decreased 4.13%.
2026-02-24