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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,” has experienced recent fluctuations against major currencies, reflecting underlying economic pressures and market sentiment. Comments from Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers advocating for increased competition in the banking sector have offered some support to the CAD. However, analysts caution that the currency could struggle to maintain this momentum, especially with key economic data expected soon.

The upcoming jobs report is set to garner significant attention. Analysts anticipate the addition of only 5,000 new jobs, alongside an expected rise in the unemployment rate to 7.2%. If the data points to a continuing cooling of Canada’s labor market, it could place further downward pressure on the loonie.

Additionally, the CAD is currently facing some adverse factors. Recent interest rate cuts by the BoC have widened the interest rate differential with the United States, prompting investors to favor higher-yielding U.S. assets. This has contributed to a decrease in the CAD’s appeal, pushing it to 90-day lows around 0.7132 against the USD, which is 1.5% below its three-month average.

Trade policies remain a source of uncertainty as well. Canada’s trade deficit widened significantly in August, attributed to declining exports. Meetings between U.S. and Canadian leadership have yielded vague commitments without substantial progress on trade relations, leaving markets cautious.

Oil prices, a critical determinant of CAD strength given Canada's status as a major oil exporter, have been volatile. Recent data shows oil trading at around $62.73, which is 7.2% below its three-month average, adding to concerns about currency performance as CAD movements are closely aligned with fluctuations in oil prices.

In terms of cross-currency performance, the CAD to EUR exchange rate at 0.6141 is just 0.9% below its three-month average, while the CAD to GBP sits at 0.5344, slightly below its average as well. Conversely, the CAD to JPY pair has shown resilience, currently trading 0.7% above its three-month average at 107.9.

Overall, as various factors interplay, including interest rate policies, trade uncertainties, and oil market dynamics, forecasters suggest that the Canadian dollar's trajectory will remain closely tied to these developments in the coming weeks.

 

Canadian dollar to US dollar - CAD/USD Trend

 
CAD to USD is at 90-day lows near 0.7132, 1.5% below its 3-month average of 0.724, having traded in a very stable 3.1% range from 0.7132 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 is at 90-day lows near 0.7132, 1.5% below its 3-month average of 0.724, having traded in a very stable 3.1% range from 0.7132 to 0.7354
CAD to USD
0.7133
90dLows
1d0.0%

US dollar to Canadian dollar
USDCAD 90 day chart

USD to CAD is at 90-day highs near 1.4021, 1.4% above its 3-month average of 1.3814, having traded in a very stable 3.1% range from 1.3597 to 1.4021
USD to CAD
1.4019
90dHighs
1d0.0%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR at 0.6141 is just 0.9% below its 3-month average of 0.6198, having traded in a very stable 3.9% range from 0.6100 to 0.6340
CAD to EUR
0.6138
14dHighs
1d−0.4%

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN at 13.27 is 1.4% below its 3-month average of 13.46, having traded in a quite stable 4.5% range from 13.12 to 13.71
CAD to MXN
13.26
90dLows
1d+1.1%

US dollar to Euro
USDEUR 90 day chart

USD to EUR at 0.8606 is just 0.5% above its 3-month average of 0.8561, having traded in a quite stable 4.1% range from 0.8426 to 0.8768
USD to EUR
0.8605
60dHighs
1d−0.5%

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR is at 30-day lows near 63.33, just below its 3-month average, having traded in a very stable 2.6% range from 62.57 to 64.19
CAD to INR
63.31
30dLows
1d−0.1%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP at 0.5344 is just 0.7% below its 3-month average of 0.538, having traded in a very stable 2.9% range from 0.5313 to 0.5465
CAD to GBP
0.5342
1d−0.3%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.62 is just above its 3-month average, having traded in a very stable 2.7% range from 40.83 to 41.94
CAD to PHP
41.61
1d−0.2%

Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.1020 is just below its 3-month average, having traded in a very stable 3.7% range from 1.0837 to 1.1238
CAD to AUD
1.1017
1d+1.3%

Indian rupee to Canadian dollar
INRCAD 90 day chart

INR to CAD is at 30-day highs near 0.015790, just above its 3-month average, having traded in a very stable 2.6% range from 0.015579 to 0.015983
INR to CAD
0.015795
30dHighs
1d+0.1%

A-Z


Canadian dollar to Australian dollar
CADAUD 90 day chart

CAD to AUD at 1.1020 is just below its 3-month average, having traded in a very stable 3.7% range from 1.0837 to 1.1238
CAD to AUD
1.1017
1d+1.3%

Canadian dollar to Brazilian real
CAD to BRL at 3.9376 is near its 3-month average, having traded in a relatively stable 7.3% range from 3.8104 to 4.0901
CAD to BRL
3.9362
1d+2.8%

Canadian dollar to Swiss franc
CADCHF 90 day chart

CAD to CHF at 0.5705 is 1.6% below its 3-month average of 0.5795, having traded in a very stable 3.5% range from 0.5696 to 0.5896
CAD to CHF
0.5703
14dHighs
1d−0.8%

Canadian dollar to Chilean peso
CAD to CLP at 681.3 is 2.1% below its 3-month average of 696.1, having traded in a quite stable 4.3% range from 678.7 to 708.2
CAD to CLP
681.15
90dLows
1d+0.4%

Canadian dollar to Chinese yuan
CADCNY 90 day chart

CAD to CNY is at 90-day lows near 5.0834, 1.8% below its 3-month average of 5.1776, having traded in a very stable 3.7% range from 5.0834 to 5.2734
CAD to CNY
5.0753
90dLows
1d0.0%

Canadian dollar to Czech Republic horuna
CADCZK 90 day chart

CAD to CZK at 14.93 is 1.5% below its 3-month average of 15.15, having traded in a quite stable 5.3% range from 14.79 to 15.58
CAD to CZK
14.93
14dHighs
1d−0.7%

Canadian dollar to Danish krone
CADDKK 90 day chart

CAD to DKK at 4.5844 is just 0.9% below its 3-month average of 4.6264, having traded in a very stable 3.9% range from 4.5541 to 4.7319
CAD to DKK
4.5831
14dHighs
1d−0.5%

Canadian dollar to Euro
CADEUR 90 day chart

CAD to EUR at 0.6141 is just 0.9% below its 3-month average of 0.6198, having traded in a very stable 3.9% range from 0.6100 to 0.6340
CAD to EUR
0.6138
14dHighs
1d−0.4%

Canadian dollar to British pound
CADGBP 90 day chart

CAD to GBP at 0.5344 is just 0.7% below its 3-month average of 0.538, having traded in a very stable 2.9% range from 0.5313 to 0.5465
CAD to GBP
0.5342
1d−0.3%

Canadian dollar to Hong Kong dollar
CADHKD 90 day chart

CAD to HKD at 5.5537 is 1.8% below its 3-month average of 5.6564, having traded in a very stable 4.0% range from 5.5498 to 5.7732
CAD to HKD
5.5520
90dLows
1d+0.1%

Canadian dollar to Israeli new sheqel
CADILS 90 day chart

CAD to ILS at 2.3354 is 3.8% below its 3-month average of 2.4286, having traded in a relatively stable 7.9% range from 2.3266 to 2.5106
CAD to ILS
2.3347
90dLows
1d+0.4%

Canadian dollar to Indian rupee
CADINR 90 day chart

CAD to INR is at 30-day lows near 63.33, just below its 3-month average, having traded in a very stable 2.6% range from 62.57 to 64.19
CAD to INR
63.31
30dLows
1d−0.1%

Canadian dollar to Japanese yen
CADJPY 90 day chart

CAD to JPY at 107.9 is just 0.7% above its 3-month average of 107.2, having traded in a very stable 3.8% range from 105.4 to 109.4
CAD to JPY
107.85
1d−1.2%

Canadian dollar to Mexican peso
CADMXN 90 day chart

CAD to MXN at 13.27 is 1.4% below its 3-month average of 13.46, having traded in a quite stable 4.5% range from 13.12 to 13.71
CAD to MXN
13.26
90dLows
1d+1.1%

Canadian dollar to Malaysian ringgit
CADMYR 90 day chart

CAD to MYR at 3.0147 is 1.4% below its 3-month average of 3.0585, having traded in a very stable 3.5% range from 3.0069 to 3.1131
CAD to MYR
3.0139
1d+0.3%

Canadian dollar to New Zealand dollar
CADNZD 90 day chart

CAD to NZD is at 90-day highs near 1.2475, 1.6% above its 3-month average of 1.2274, having traded in a very stable 3.2% range from 1.2094 to 1.2475
CAD to NZD
1.2467
90dHighs
1d+0.5%

Canadian dollar to Philippine peso
CADPHP 90 day chart

CAD to PHP at 41.62 is just above its 3-month average, having traded in a very stable 2.7% range from 40.83 to 41.94
CAD to PHP
41.61
1d−0.2%

Canadian dollar to Pakistani rupee
CADPKR 90 day chart

CAD to PKR is at 90-day lows near 201.4, 1.8% below its 3-month average of 205, having traded in a very stable 4.0% range from 201.4 to 209.4
CAD to PKR
201.12
90dLows
1d−0.3%

Canadian dollar to Swedish krona
CADSEK 90 day chart

CAD to SEK at 6.7860 is 1.3% below its 3-month average of 6.8787, having traded in a quite stable 5.8% range from 6.7115 to 7.1037
CAD to SEK
6.7840
14dHighs
1d−0.2%

Canadian dollar to Singapore dollar
CADSGD 90 day chart

CAD to SGD at 0.9260 is just 0.5% below its 3-month average of 0.9309, having traded in a stable 1.8% range from 0.9229 to 0.9396
CAD to SGD
0.9258
1d−0.1%

Canadian dollar to Thai baht
CADTHB 90 day chart

CAD to THB at 23.22 is just 0.6% below its 3-month average of 23.37, having traded in a very stable 3.9% range from 22.82 to 23.72
CAD to THB
23.32
30dHighs
1d−0.7%

Canadian dollar to New Taiwan dollar
CADTWD 90 day chart

CAD to TWD is at 14-day highs near 21.92, just 0.6% above its 3-month average of 21.8, having traded in a quite stable 4.5% range from 21.34 to 22.31
CAD to TWD
21.91
14dHighs
1d+0.5%

Canadian dollar to US dollar
CADUSD 90 day chart

CAD to USD is at 90-day lows near 0.7132, 1.5% below its 3-month average of 0.724, having traded in a very stable 3.1% range from 0.7132 to 0.7354
CAD to USD
0.7133
90dLows
1d0.0%

Canadian dollar to South African rand
CADZAR 90 day chart

CAD to ZAR is at 14-day highs near 12.49, 1.9% below its 3-month average of 12.73, having traded in a relatively stable 7.2% range from 12.28 to 13.16
CAD to ZAR
12.48
14dHighs
1d+1.7%