The Canadian dollar strengthened toward 1.39 per US dollar, as the US dollar lost ground following reports of a Pakistan-brokered 45-day ceasefire framework between Washington and Tehran. The loonie is finding support as fears of a catastrophic energy-driven inflation shock subside after Iranian officials shifted toward a tanker toll model in the Persian Gulf rather than a total blockade. This development reduced the immediate pressure on the Bank of Canada to maintain a highly restrictive monetary policy to combat secondary inflationary effects, effectively stabilizing the domestic outlook even as March manufacturing data showed a fifth month of contraction at 47.6. Although the US economy added a stronger-than-expected 178,000 jobs in March, the resultant shift away from safe-haven greenback holdings amid de-escalation hopes is currently overriding the yield advantage of the US dollar. Markets remain sensitive to President Trump’s looming Tuesday deadline for infrastructure strikes.

The USD/CAD exchange rate rose to 1.3818 on April 10, 2026, up 0.02% from the previous session. Over the past month, the Canadian Dollar has weakened 1.65%, but it's up by 0.41% 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 April 10 of 2026.

The USD/CAD exchange rate rose to 1.3818 on April 10, 2026, up 0.02% from the previous session. Over the past month, the Canadian Dollar has weakened 1.65%, but it's up by 0.41% 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 1.3815 0 0% -0.43% Apr/10
EURCAD 1.6199 0.0038 0.23% 2.92% Apr/10
GBPCAD 1.8605 0.0042 0.23% 2.50% Apr/10
AUDCAD 0.9784 0 0% 11.64% Apr/10
NZDCAD 0.8092 -0.0001 -0.02% 0.13% Apr/10
CADJPY 115.1940 0.1254 0.11% 11.37% Apr/10
CADCNY 4.9400 -0.0030 -0.06% -5.90% Apr/10
CADCHF 0.5697 -0.0026 -0.45% -3.00% Apr/10
CADARS 1,000.0941 -0.3001 -0.03% 29.06% Apr/10
CADBRL 3.6849 -0.0047 -0.13% -12.46% Apr/10
CADCZK 15.0520 -0.0340 -0.23% -5.71% Apr/10
CADDKK 4.6165 -0.0070 -0.15% -2.70% Apr/10
CADHUF 232.8661 -0.2469 -0.11% -12.55% Apr/10
CADIDR 12,371.9651 17.5549 0.14% 2.20% Apr/10
CADINR 67.0652 0.1282 0.19% 8.09% Apr/10
CADKRW 1,072.5115 5.0823 0.48% 4.70% Apr/10
CADMXN 12.5549 -0.0151 -0.12% -14.26% Apr/10
CADMYR 2.8659 -0.0173 -0.60% -10.09% Apr/10
CADRUB 54.9898 -1.2011 -2.14% -8.35% Apr/10
 Currencies
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 ...CAD



Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
Canada Inflation Rate 1.80 2.30 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
Canada Interest Rate 2.25 2.25 percent Mar 2026
Canada Unemployment Rate 6.70 6.70 percent Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 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
1.38 1.38 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Strengthens After Ceasefire
The Canadian dollar strengthened toward 1.38 per US dollar as the greenback retreated following President Trump's decision to delay infrastructure strikes by two weeks in a conditional ceasefire. This relief rally stems from a sharp plunge in WTI crude after Iran agreed to reopen the Strait of Hormuz for a two-week window to facilitate negotiations. While lower energy prices typically weigh on the loonie, the broader collapse of the US dollar index to a four-week low has provided a net gain for the Canadian currency. Investors are now recalibrating the domestic outlook as the immediate threat of energy-driven stagflation recedes although the loonie continues to underperform peers like the aussie and sterling which are less tied to the petroleum complex. Treasury yields have further eroded the greenback's carry advantage even as the market remains cautious ahead of Friday’s US inflation data.
2026-04-08
Canadian Dollar Rebounds Amid USD Weakness
The Canadian dollar strengthened toward 1.39 per US dollar, as the US dollar lost ground following reports of a Pakistan-brokered 45-day ceasefire framework between Washington and Tehran. The loonie is finding support as fears of a catastrophic energy-driven inflation shock subside after Iranian officials shifted toward a tanker toll model in the Persian Gulf rather than a total blockade. This development reduced the immediate pressure on the Bank of Canada to maintain a highly restrictive monetary policy to combat secondary inflationary effects, effectively stabilizing the domestic outlook even as March manufacturing data showed a fifth month of contraction at 47.6. Although the US economy added a stronger-than-expected 178,000 jobs in March, the resultant shift away from safe-haven greenback holdings amid de-escalation hopes is currently overriding the yield advantage of the US dollar. Markets remain sensitive to President Trump’s looming Tuesday deadline for infrastructure strikes.
2026-04-06
Canadian Dollar Close to December-Lows
The Canadian dollar traded around 1.39 per USD, hovering near its lowest levels since December 2025, as traders assessed the latest developments in the Middle East. US President Trump pledged more aggressive action against Iran but offered no concrete plans to reopen the Strait of Hormuz. Crude prices remain close to 2022 highs, fuelling inflation concerns and boosting the US dollar. The loonie weakened by about 2% in March, marking its steepest monthly decline since December 2024. Last month, the Bank of Canada held its benchmark interest rate steady at 2.25%, noting it was too soon to assess the economic impact of the conflict but money markets are pricing in around 41bps of tightening this year.
2026-04-02