Canadian dollar Market Update, Chart & History

CAD Market Update

16 Jun 2026 • 00:29 GMT

The Canadian dollar has weakened against the US dollar in recent weeks, hitting its lowest level in 90 days near 0.7145. This is about 1.4% below its three-month average of 0.7251. The USD has gained strength amid expectations of potential Federal Reserve rate hikes and resilient US economic data, including strong employment figures. Meanwhile, the CAD's decline is partly driven by a decline in oil prices, which impact Canada's resource-backed currency.

Despite the recent dip, the CAD has traded within a stable range from around 0.7145 to 0.7363 over the past three months. Market watchers are focusing on key resistance levels at 1.3950 to 1.3965 for USD/CAD, with a decline in oil prices adding downward pressure on the pair. Canadian economic data and US monetary policy decisions will be important to watch moving forward. For now, expect the CAD to remain sensitive to shifts in commodity prices and global economic signals that could influence the dollar and oil markets.

📊 Quick forecast view

Near-term bias: 🔴 Mild downside

Expected range: 0.7020 – 0.7150

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 is at 90-day lows near 0.7145, 1.4% below its 3-month average of 0.7251, having traded in a very stable 3.1% range from 0.7145 to 0.7363

15-JUN 8PM-NY 16-JUN 1AM-LON 8AM-HK 10AM-SYD

1 CAD = USD

1d0.0%⬦

90dLows◒

View My Rate Tracker

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.