Canadian dollar Market Update, Chart & History

CAD Market Update

11 Apr 2026 • 01:07 GMT

The Canadian dollar has been under some pressure recently, mainly due to the strength of the US dollar amid global tensions and solid U.S. economic data. While the loonie remains relatively stable, it is trading near its 3-month average against the USD at around 0.7224, just slightly below the average of 0.7281. This indicates that the CAD has held steady despite the USD’s recent strength.

The major move continues to be the USD’s resilience, supported by geopolitical concerns in the Middle East and stable U.S. employment figures. These factors keep the dollar firm and influence the USD/CAD pair, which is trading around 1.3830. Oil prices have helped limit some loss for the CAD, but ongoing geopolitical tensions and trade negotiations still weigh on the currency.

In the near term, the CAD may see limited movement unless there are significant shifts in global politics or U.S. monetary policy. Traders are watching for updates on energy prices and trade talks, which could affect the loonie’s performance in the coming weeks.

📊 Quick forecast view

Near-term bias: 🟢 Mild upside

Expected range: 0.7170 – 0.7300

Dominant driver: 🌍 Global risk sentiment

3-month trend: 🟢 Uptrend

CAD/USD Forecasts

CAD/USD Rates

Canadian dollar to US dollar - CAD/USD Trend

CAD to USD at 0.7224 is just 0.8% below its 3-month average of 0.7281, having traded in a very stable 3.4% range from 0.7170 to 0.7413

10-APR 8PM-NY 11-APR 1AM-LON 8AM-HK 10AM-SYD

1 CAD = USD

1d−0.2%▼

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