Canadian Dollar (USD/CAD) news & analysis
USD/CAD is the exchange rate between the US dollar and the Canadian dollar, a major pair closely tied to oil prices and US–Canada trade.
The reading
The news
Moderate bearish impulse
Priced in
Unclear
What follows
The move still has room
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is USD/CAD up or down today?
The Canadian Dollar has been caught between softness in the US Dollar ahead of US CPI and pressure from sliding oil prices and diverging Federal Reserve and Bank of Canada policy outlooks. USD/CAD recently tested an 18-month high after a Canada jobs shock and has been trading around 1.4250 in quiet, range-bound trading, with key swing support levels in focus.
Updated
Latest news
Tuesday, October 13
- investingLive Americas FX news wrap 13 Oct: Dollar retreats as traders await CPI; oil rises and stocks slipInvestingLive
- Canadian Dollar recovers as softer US Dollar offers relief ahead of US CPIFXStreet
- USDCAD sellers regain control, but key swing support stands in the wayInvestingLive
- Canadian Dollar edges higher but remains close to April 2025 lows vs bullish USDFXStreet
Monday, October 12
- Canadian Dollar struggles as Fed and BoC policy outlooks divergeFXStreet
- USD/CAD Tests an 18-Month High After Canada Jobs Shock: What Futures Must ConfirmInvesting.com
- USD/CAD Price Forecast: US Dollar eases within range in a quiet sessionFXStreet
- Canadian Dollar flat lines around 1.4250 as sliding oil prices counter USD softnessFXStreet
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 14 | ||
| BOC Gov Macklem Speaks | CAD | |
| FOMC Member Bowman Speaks | USD | |
| Core CPI m/m | 0.2% | USD |
| CPI m/m | 0.6% | USD |
| CPI y/y | 3.6% | USD |
| Building Permits m/m | 2.9% | CAD |
| Core CPI y/y | 2.5% | USD |
| FOMC Member Barkin Speaks | USD | |
Day by day
31 days on record since September 13, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Tue, Oct 13Bearish13 headlines. The Canadian Dollar has been caught between a softer U.S. Dollar ahead of U.S. CPI and pressure from sliding oil prices and a weak Canada jobs report, with USD/CAD described around 1.4250 and near an 18-month high.
- Mon, Oct 12Bullish6 headlines. USD/CAD is holding around 1.4250 and testing an 18-month high after a Canada jobs shock, with sliding oil prices countering broad US dollar softness.
- Sun, Oct 11Neutral14 headlines. U.S. Treasuries have stabilized while oil prices continue to oscillate.
- Sat, Oct 10Neutral12 headlines. Canada reported a September employment decline of 68.3K compared with expectations for a 9.2K increase, with the unemployment rate ticking higher, and the Canadian dollar fell to an 18-month low after the jobs miss.
- Fri, Oct 9Weak bullish14 headlines. The Canadian dollar has traded near 18-month lows around the 1.42s against the US dollar after Canada reported a September employment decline of 68.3K, compared with expectations for a 9.2K gain.
Frequently asked questions
- What is USD/CAD?
- USD/CAD is the exchange rate between the US dollar and the Canadian dollar, showing how many Canadian dollars one US dollar buys. The Canadian dollar is often nicknamed the "loonie."
- What moves USD/CAD?
- The pair is driven mainly by the interest-rate differential between the US Federal Reserve and the Bank of Canada, oil prices, US and Canadian economic data, and trade between the two countries.
- Why is the Canadian dollar linked to oil?
- Crude oil is one of Canada's largest exports, most of it sold to the United States, so changes in oil prices affect Canada's export income and demand for its currency.
Not investment advice. For informational purposes only.