Exchange Rate
1.40403
Daily Change
0.0028 0.20%
Monthly
-0.95%
Yearly
0.68%
Q4 Forecast
1.39651
Canadian Dollar - Summary

The Canadian dollar strengthened to around 1.40 per US dollar in October, reaching a more than one-month high as the outlook for BoC policy tilted toward tighter conditions. Expectations of a narrowing US-Canada interest rate differential have supported the loonie, amid a more hawkish outlook for the BoC’s next policy decision, scheduled for October 28th, relative to the US Fed. BoC Governor Tiff Macklem recently said the central bank expects to raise its quarterly inflation forecast significantly this month, following hawkish remarks last week about energy-driven price pressures. The oil rally has added to upward pressure on energy costs amid an escalation in the Middle East conflict. Meanwhile, Canadian retail sales are expected to have increased 0.7% month-over-month in September, extending a 1.2% rise in August, adding to the inflation outlook.

Canadian Dollar - Stats

The USD/CAD exchange rate rose to 1.4037 on October 27, 2026, up 0.18% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.97%, but it's down by 0.65% 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 27 of 2026.

Canadian Dollar - Forecast

The USD/CAD exchange rate rose to 1.4037 on October 27, 2026, up 0.18% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.97%, but it's down by 0.65% over the last 12 months. The Canadian Dollar is expected to trade at 1.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.38 in 12 months time.



Crosses Price Day Year Date
USDCAD 1.4040 0.0028 0.20% 0.68% Oct/27
EURCAD 1.5644 -0.0012 -0.07% -3.72% Oct/27
GBPCAD 1.8689 -0.0006 -0.03% 0.99% Oct/27
AUDCAD 0.9877 0.0045 0.46% 7.56% Oct/27
NZDCAD 0.7993 0.0034 0.43% -0.95% Oct/27
CADJPY 112.4450 0.0415 0.04% 3.09% Oct/27
CADCNY 4.7463 -0.0121 -0.25% -6.72% Oct/27
CADCHF 0.5903 -0.0004 -0.07% 3.73% Oct/27
CADARS 1,096.9815 -2.4803 -0.23% 3.83% Oct/27
CADBRL 3.8044 -0.0594 -1.54% -0.95% Oct/27
CADCZK 15.5510 -0.0001 -0.0004% 3.91% Oct/27
CADDKK 4.7779 0.0040 0.08% 3.95% Oct/27
CADHUF 234.3233 -0.2936 -0.13% -1.92% Oct/27
CADIDR 12,915.0040 -31.5711 -0.24% 8.58% Oct/27
CADINR 67.7930 -0.1252 -0.18% 7.15% Oct/27
CADKRW 944.6970 -1.5498 -0.16% -7.97% Oct/27
CADMXN 13.2611 0.0070 0.05% 0.33% Oct/27
CADMYR 2.9139 -0.0022 -0.08% -3.19% Oct/27
CADRUB 57.4929 -0.1712 -0.30% 1.17% Oct/27
 Currencies
 CAD...
 ...CAD



Related Last Previous Unit Reference
Canada Inflation Rate 3.10 3.00 percent Sep 2026
United States Inflation Rate 3.70 3.40 percent Sep 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
1.40 1.40 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Hits Over One-Month High
The Canadian dollar strengthened to around 1.40 per US dollar in October, reaching a more than one-month high as the outlook for BoC policy tilted toward tighter conditions. Expectations of a narrowing US-Canada interest rate differential have supported the loonie, amid a more hawkish outlook for the BoC’s next policy decision, scheduled for October 28th, relative to the US Fed. BoC Governor Tiff Macklem recently said the central bank expects to raise its quarterly inflation forecast significantly this month, following hawkish remarks last week about energy-driven price pressures. The oil rally has added to upward pressure on energy costs amid an escalation in the Middle East conflict. Meanwhile, Canadian retail sales are expected to have increased 0.7% month-over-month in September, extending a 1.2% rise in August, adding to the inflation outlook.
2026-10-23
Canadian Dollar Hits 4-week High
The Canadian Dollar touched 1.41 against the USD, the highest since September 2026. Over the past 4 weeks, US Dollar Canadian Dollar gained 0.18%, and in the last 12 months, it increased 0.28%.
2026-10-20
Canadian Dollar Near One-Month High
The Canadian dollar strengthened to around 1.41 per US dollar in October, reaching a near one-month high following the release of September inflation data. Canada’s annual inflation rate rose to 3.1%, its highest level in four months, driven by higher gasoline prices, but came in below market expectations of 3.2%. While rising energy prices pushed headline inflation higher, underlying measures remained subdued, with CPI-median slowing to 1.9% and CPI-trim easing to 1.8% in September. Despite the downside surprise, the outlook for Bank of Canada policy remained tilted toward tighter conditions, as policymakers flagged upside risks to inflation. Governor Tiff Macklem said on Saturday that the central bank expects to raise its quarterly inflation forecast significantly this month, following hawkish remarks last week about energy-driven price pressures. Expectations of a narrowing US-Canada interest-rate differential have provided further support for the loonie.
2026-10-19