Canadian dollar Market Update, Chart & History

CAD Market Update

26 May 2026 • 00:29 GMT

The Canadian dollar (CAD) remains relatively stable against the US dollar, trading at around 0.7243, slightly below its three-month average of 0.7282. Despite strong retail sales data indicating domestic resilience, CAD has struggled against the rising US dollar, which has gained strength amid cautious market sentiment and geopolitical concerns, such as tensions in the Middle East. Oil prices, a key support for the CAD, have stayed firm but haven’t pushed the currency higher, partly due to global economic uncertainties.

USD/CAD is trending higher, reaching the mid-1.37s, with recent forecasts suggesting further upside if the US dollar continues to strengthen. The Bank of Canada’s cautious stance and signals for patience mean that the CAD may remain under pressure unless oil prices improve or US economic data shifts. Overall, expect limited movement in the near term, with the US dollar’s momentum and oil market dynamics being the main factors influencing CAD’s direction.

📊 Quick forecast view

Near-term bias: 🔴 Mild downside

Expected range: 0.7240 – 0.7370

Dominant driver: 🌍 Global risk sentiment

3-month trend: ⚪ Range-bound

CAD/USD Forecasts

CAD/USD Rates

Canadian dollar to US dollar - CAD/USD Trend

CAD to USD at 0.7243 is just 0.5% below its 3-month average of 0.7282, having traded in a very stable 2.7% range from 0.7170 to 0.7365

25-MAY 8PM-NY 26-MAY 1AM-LON 8AM-HK 10AM-SYD

1 CAD = USD

1d0.0%⬦

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