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Canadian dollar Markets

CAD Currency Update - Our review of Canadian dollar forecasts and news plus charts and historic rates. Check CAD Trends over various time periods.

 

The Canadian dollar (CAD), often referred to as the "loonie," is currently facing downward pressure amid expectations of rate cuts from the Bank of Canada (BoC) and ongoing volatility in oil prices. Analysts note that the loonie has weakened against its major rivals due to a significant interest rate divergence following the BoC's recent decision to cut the key policy rate to 3%. This move has prompted investors to shift towards higher-yield assets in the U.S., contributing to the CAD's recent decline.

Recent data points highlight the challenges facing the Canadian economy, with Canada's trade deficit widening unexpectedly in August. This increase was driven by a sharp decline in exports, which compounded existing investor uncertainties regarding trade policies. A recent meeting between Canadian Prime Minister Mark Carney and U.S. President Donald Trump yielded little in terms of concrete commitments, leaving trade policy uncertainty to linger, further frustrating CAD market sentiment.

Moreover, oil price volatility is a key factor significantly influencing the CAD's performance. On October 9, the loonie fell to a near six-month low against the U.S. dollar, breaking the crucial 1.40 threshold, partially attributed to safe-haven demand for the U.S. dollar and a decline in oil prices to approximately $61.43 per barrel. This drop, coupled with oil trading at 90-day lows, has led to increased scrutiny of CAD movements, as the Canadian economy heavily relies on oil exports.

In currency market action, the CAD is currently trading at 90-day lows against the USD around 0.7119, which is 1.5% below its three-month average. It has recently fluctuated in a narrow range, demonstrating stability compared to earlier periods. The EUR/CAD pair is also reflecting weakness at 0.6113, while the CAD is similarly down against the GBP and trading at 90-day lows near 0.5312. While the CAD/JPY has held relatively steady around 107.5, its performance is still being closely monitored amid market changes.

Looking ahead, the upcoming employment report for September, which is expected to show employment growth at a modest 5,000 new jobs, may further influence CAD performance. The unemployment rate is projected to rise slightly, adding to the potential for a more cautious outlook. Analysts and market participants will be watching for additional economic indicators and oil price movements, as these will remain critical in shaping the trajectory of the Canadian dollar in the coming weeks.

 

Canadian dollar to US dollar - CAD/USD Trend

 
CAD to USD at 0.7119 is 1.5% below its 3-month average of 0.7228, having traded in a very stable 3.4% range from 0.7115 to 0.7354
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90dLows
1d0.0%
 
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Top CAD Rates


Canadian dollar to US dollar
CADUSD 90 day chart

CAD to USD at 0.7119 is 1.5% below its 3-month average of 0.7228, having traded in a very stable 3.4% range from 0.7115 to 0.7354
CAD to USD
0.7119
90dLows
1d0.0%

US dollar to Canadian dollar
USDCAD 90 day chart

USD to CAD at 1.4046 is 1.5% above its 3-month average of 1.3836, having traded in a very stable 3.4% range from 1.3597 to 1.4055
USD to CAD
1.4047
90dHighs
1d0.0%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR is at 90-day lows near 0.6085, 1.7% below its 3-month average of 0.6188, having traded in a quite stable 4.2% range from 0.6085 to 0.6340
CAD to EUR
0.6085
90dLows
1d−0.5%

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN is at 90-day lows near 13.12, 2.3% below its 3-month average of 13.43, having traded in a quite stable 4.5% range from 13.12 to 13.71
CAD to MXN
13.13
90dLows
1d−0.2%

US dollar to Euro
USDEUR 90 day chart

USD to EUR is at 7-day lows near 0.8548, near its 3-month average, having traded in a quite stable 4.1% range from 0.8426 to 0.8768
USD to EUR
0.8548
1d−0.3%

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR at 62.64 is 1.3% below its 3-month average of 63.48, having traded in a very stable 2.6% range from 62.54 to 64.19
CAD to INR
62.64
90dLows
1d−1.1%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP is at 90-day lows near 0.5295, 1.5% below its 3-month average of 0.5373, having traded in a very stable 3.2% range from 0.5295 to 0.5465
CAD to GBP
0.5296
90dLows
1d−0.3%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.33 is just below its 3-month average, having traded in a very stable 2.7% range from 40.83 to 41.94
CAD to PHP
41.31
14dLows
1d−0.2%

Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.0985 is just 0.6% below its 3-month average of 1.105, having traded in a very stable 3.7% range from 1.0837 to 1.1238
CAD to AUD
1.0986
1d−0.4%

Indian rupee to Canadian dollar
INRCAD 90 day chart

INR to CAD at 0.015965 is 1.3% above its 3-month average of 0.015754, having traded in a very stable 2.6% range from 0.015579 to 0.015989
INR to CAD
0.015964
90dHighs
1d+1.1%

A-Z


Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.0985 is just 0.6% below its 3-month average of 1.105, having traded in a very stable 3.7% range from 1.0837 to 1.1238
CAD to AUD
1.0986
1d−0.4%

Canadian dollar to Brazilian real
CAD to BRL at 3.8771 is 1.3% below its 3-month average of 3.9266, having traded in a relatively stable 7.3% range from 3.8104 to 4.0901
CAD to BRL
3.8775
1d−0.6%

Canadian dollar to Swiss franc
CADCHF 90 day chart

CAD to CHF is at 90-day lows near 0.5638, 2.5% below its 3-month average of 0.5785, having traded in a quite stable 4.6% range from 0.5638 to 0.5896
CAD to CHF
0.5638
90dLows
1d−0.6%

Canadian dollar to Chilean peso
CAD to CLP at 680.2 is 2.1% below its 3-month average of 694.7, having traded in a quite stable 4.3% range from 678.7 to 708.1
CAD to CLP
680.21
1d−0.5%

Canadian dollar to Chinese yuan
CADCNY 90 day chart

CAD to CNY at 5.0713 is 1.9% below its 3-month average of 5.1673, having traded in a very stable 4.0% range from 5.0687 to 5.2734
CAD to CNY
5.0716
90dLows
1d−0.2%

Canadian dollar to Czech Republic horuna
CADCZK 90 day chart

CAD to CZK is at 90-day lows near 14.78, 2.2% below its 3-month average of 15.12, having traded in a quite stable 5.4% range from 14.78 to 15.58
CAD to CZK
14.78
90dLows
1d−0.5%

Canadian dollar to Danish krone
CADDKK 90 day chart

CAD to DKK is at 90-day lows near 4.5445, 1.6% below its 3-month average of 4.6195, having traded in a quite stable 4.1% range from 4.5445 to 4.7319
CAD to DKK
4.5450
1d−0.3%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR is at 90-day lows near 0.6085, 1.7% below its 3-month average of 0.6188, having traded in a quite stable 4.2% range from 0.6085 to 0.6340
CAD to EUR
0.6085
90dLows
1d−0.5%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP is at 90-day lows near 0.5295, 1.5% below its 3-month average of 0.5373, having traded in a very stable 3.2% range from 0.5295 to 0.5465
CAD to GBP
0.5296
90dLows
1d−0.3%

Canadian dollar to Hong Kong dollar
CADHKD 90 day chart

CAD to HKD at 5.5320 is 2.0% below its 3-month average of 5.6438, having traded in a quite stable 4.4% range from 5.5289 to 5.7732
CAD to HKD
5.5320
90dLows
1d−0.1%

Canadian dollar to Israeli new sheqel
CADILS 90 day chart

CAD to ILS at 2.3471 is 3.1% below its 3-month average of 2.4224, having traded in a relatively stable 7.9% range from 2.3266 to 2.5106
CAD to ILS
2.3473
1d−1.0%

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR at 62.64 is 1.3% below its 3-month average of 63.48, having traded in a very stable 2.6% range from 62.54 to 64.19
CAD to INR
62.64
90dLows
1d−1.1%

Canadian dollar to Japanese yen
CADJPY 90 day chart

CAD to JPY is at 7-day lows near 106.9, just below its 3-month average, having traded in a very stable 3.8% range from 105.4 to 109.4
CAD to JPY
106.88
1d−0.6%

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN is at 90-day lows near 13.12, 2.3% below its 3-month average of 13.43, having traded in a quite stable 4.5% range from 13.12 to 13.71
CAD to MXN
13.13
90dLows
1d−0.2%

Canadian dollar to Malaysian ringgit
CADMYR 90 day chart

CAD to MYR at 3.0094 is 1.4% below its 3-month average of 3.0526, having traded in a very stable 3.5% range from 3.0069 to 3.1131
CAD to MYR
3.0067
1d−0.1%

Canadian dollar to New Zealand dollar
CADNZD 90 day chart

CAD to NZD at 1.2435 is 1.2% above its 3-month average of 1.2289, having traded in a very stable 3.2% range from 1.2094 to 1.2475
CAD to NZD
1.2437
1d0.0%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.33 is just below its 3-month average, having traded in a very stable 2.7% range from 40.83 to 41.94
CAD to PHP
41.31
14dLows
1d−0.2%

Canadian dollar to Pakistani rupee
CADPKR 90 day chart

CAD to PKR is at 90-day lows near 200.9, 1.8% below its 3-month average of 204.6, having traded in a quite stable 4.2% range from 200.9 to 209.4
CAD to PKR
201.03
90dLows
1d−0.7%

Canadian dollar to Swedish krona
CADSEK 90 day chart

CAD to SEK is at 90-day lows near 6.7049, 2.3% below its 3-month average of 6.86, having traded in a quite stable 5.8% range from 6.7049 to 7.0932
CAD to SEK
6.7055
1d−0.7%

Canadian dollar to Singapore dollar
CADSGD 90 day chart

CAD to SGD is at 90-day lows near 0.9205, 1.0% below its 3-month average of 0.93, having traded in a very stable 2.1% range from 0.9205 to 0.9396
CAD to SGD
0.9204
90dLows
1d−0.3%

Canadian dollar to Thai baht
CADTHB 90 day chart

CAD to THB at 23.14 is just 0.9% below its 3-month average of 23.34, having traded in a very stable 3.7% range from 22.82 to 23.66
CAD to THB
23.14
14dLows
1d−0.5%

Canadian dollar to New Taiwan dollar
CADTWD 90 day chart

CAD to TWD is at 7-day lows near 21.79, near its 3-month average, having traded in a quite stable 4.3% range from 21.39 to 22.31
CAD to TWD
21.80
1d−0.3%

Canadian dollar to US dollar
CADUSD 90 day chart

CAD to USD at 0.7119 is 1.5% below its 3-month average of 0.7228, having traded in a very stable 3.4% range from 0.7115 to 0.7354
CAD to USD
0.7119
90dLows
1d0.0%

Canadian dollar to South African rand
CADZAR 90 day chart

CAD to ZAR at 12.35 is 2.7% below its 3-month average of 12.69, having traded in a relatively stable 7.2% range from 12.28 to 13.16
CAD to ZAR
12.35
1d0.0%