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
Bullishfrom 1 stories across 1 sources
BearishNeutralBullish
The news
Moderate bullish impulse
Priced in
Partly priced in
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?
USDCAD is holding flat around 1.4250. Sliding oil prices are weighing on the Canadian Dollar side of the pair, while softness in the US Dollar is providing a counterweight.
Updated
Latest news
Monday, October 12
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 12 | ||
| Bank Holiday | USD | |
| Bank Holiday | CAD | |
| FOMC Member Hammack Speaks | USD | |
| Tuesday, October 13 | ||
| FOMC Member Waller Speaks | USD | |
| NFIB Small Business Index | 98.0 | USD |
| ADP Weekly Employment Change | USD | |
| Existing Home Sales | 3.96M | USD |
| FOMC Member Barkin Speaks | USD | |
Day by day
29 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.
Oct
BullishBearishNeutralNo readingHeadlines that day
Recent days
- 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.
- Thu, Oct 8Bearish15 headlines. The Canadian dollar has traded near 18-month and April 2025 lows around the 1.42s against the US dollar, with risk aversion supporting the US dollar alongside focus on Fed Minutes and hawkish Fed messaging.
- Wed, Oct 7Bullish12 headlines. The Canadian Dollar has fallen to near 18-month and April 2025 lows as oil prices declined and with strength in the US dollar noted ahead of the Fed Minutes.
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.