Exchange Rate
1.37592
Daily Change
-0.0031 -0.22%
Monthly
-2.33%
Yearly
-0.47%
Q3 Forecast
1.37377
Canadian Dollar - Summary

The Canadian dollar strengthened to 1.38 per USD in late August, nearing a three-month high, supported by a weaker US dollar and elevated crude oil prices. The loonie’s gains were primarily driven by renewed pressure on the greenback as investors reassessed the Federal Reserve’s policy path. Recent US economic data, including softer inflation readings, fueled expectations that the Fed could begin cutting interest rates sooner than previously anticipated, weighing on the dollar and supporting commodity-linked currencies. Meanwhile, crude oil prices remained elevated near multi-month highs, benefiting the Canadian currency as higher energy prices improve the country’s terms of trade. On the trade front, Canadian and US negotiators are set to meet in an effort to finalize a deal that could ease months of tariffs and counter-tariffs. Canadian bond yields rose across the curve, tracking higher US Treasury yields.

Canadian Dollar - Stats

The USD/CAD exchange rate fell to 1.3742 on August 21, 2026, down 0.22% from the previous session. Over the past month, the Canadian Dollar has strengthened 2.45%, and is up by 0.59% 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 August 23 of 2026.

Canadian Dollar - Forecast

The USD/CAD exchange rate fell to 1.3742 on August 21, 2026, down 0.22% from the previous session. Over the past month, the Canadian Dollar has strengthened 2.45%, and is up by 0.59% over the last 12 months. The Canadian Dollar is expected to trade at 1.37 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.36 in 12 months time.



Crosses Price Day Year Date
USDCAD 1.3759 -0.0031 -0.22% -0.47% Aug/21
EURCAD 1.6071 -0.0031 -0.19% -0.75% Aug/21
GBPCAD 1.8773 -0.0021 -0.11% 0.43% Aug/21
AUDCAD 0.9862 0.0053 0.54% 10.60% Aug/21
NZDCAD 0.8228 0.0034 0.41% 1.62% Aug/21
CADJPY 115.5478 0.2102 0.18% 8.73% Aug/21
CADCNY 4.8841 0.0072 0.15% -5.86% Aug/21
CADCHF 0.5824 0.0018 0.31% 0.58% Aug/21
CADARS 1,091.1955 5.4409 0.50% 15.42% Aug/21
CADBRL 3.7428 -0.0261 -0.69% -5.31% Aug/21
CADCZK 14.9950 0.0109 0.07% -1.46% Aug/21
CADDKK 4.6570 0.0150 0.32% 0.71% Aug/21
CADHUF 225.4928 -0.8614 -0.38% -8.08% Aug/21
CADIDR 12,854.9909 -40.5856 -0.31% 9.31% Aug/21
CADINR 69.5637 0.1089 0.16% 10.78% Aug/21
CADKRW 1,008.6014 -2.6168 -0.26% 0.07% Aug/21
CADMXN 12.2931 -0.0022 -0.02% -8.79% Aug/21
CADMYR 2.9389 0.0052 0.18% -3.29% Aug/21
CADRUB 60.9537 0.2140 0.35% 5.16% Aug/21
 Currencies
 CAD...
 ...CAD



Related Last Previous Unit Reference
Canada Inflation Rate 3.00 2.80 percent Jul 2026
United States Inflation Rate 3.40 3.50 percent Jul 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jul 2026
Canada Interest Rate 2.25 2.25 percent Jul 2026
Canada Unemployment Rate 6.40 6.50 percent Jul 2026
United States Unemployment Rate 4.10 4.20 percent Jul 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 1.38 1.62 0.91 1971 - 2026 Daily

News Stream
Canadian Dollar Nears Three-Month High
The Canadian dollar strengthened to 1.38 per USD in late August, nearing a three-month high, supported by a weaker US dollar and elevated crude oil prices. The loonie’s gains were primarily driven by renewed pressure on the greenback as investors reassessed the Federal Reserve’s policy path. Recent US economic data, including softer inflation readings, fueled expectations that the Fed could begin cutting interest rates sooner than previously anticipated, weighing on the dollar and supporting commodity-linked currencies. Meanwhile, crude oil prices remained elevated near multi-month highs, benefiting the Canadian currency as higher energy prices improve the country’s terms of trade. On the trade front, Canadian and US negotiators are set to meet in an effort to finalize a deal that could ease months of tariffs and counter-tariffs. Canadian bond yields rose across the curve, tracking higher US Treasury yields.
2026-08-21
Canadian Dollar Gains for Third Straight Week
The Canadian dollar strengthened to 1.39 per USD, posting a third consecutive weekly gain as yield spreads narrowed. Domestic factory data supported the recent narrowing in the gap between US and Canadian bond yields. The spread between Canada’s 2-year yield and the US equivalent has narrowed by about 17 basis points this month. Canadian factory sales rose 0.1% in June from May, marking a fifth consecutive monthly gain, while sales volumes increased 1.2%. Meanwhile, US retail sales unexpectedly fell in July by the most in more than a year. Recent data also showed a stronger Canadian labor market and weaker US employment, reducing expectations for a Federal Reserve rate hike this year while raising the prospect of a BoC hike if energy prices remain elevated. Canada’s economy is estimated to have expanded at an annualized 3.4% in the second quarter, well above the Bank of Canada’s 2.5% forecast.
2026-08-14
Canadian Dollar Hits 9-week High
The Canadian Dollar touched 1.39 against the USD, the highest since June 2026. Over the past 4 weeks, US Dollar Canadian Dollar lost 0.94%, and in the last 12 months, it increased 0.66%.
2026-08-14