Latest market analysis
CAD Market Update
12 Aug 2026 • 00:28 GMT
The Canadian dollar has recently climbed to its 60-day high against the US dollar, trading near 0.7184. This is just slightly above its three-month average of 0.714, reflecting a relatively stable range over recent weeks. The loonie's strength has been supported by higher oil prices and cautious optimism about Canada's economic outlook, even as the Bank of Canada maintains its key rate at 2.25% with potential for future hikes.
Meanwhile, the US dollar remains firm amid expectations of Federal Reserve tightening and rising energy prices. This dynamic keeps USD/CAD near the upper end of its recent range, but the CAD’s gains against USD suggest resilience supported by commodity markets and domestic economic signals.
Looking ahead, prominent factors to watch include movements in global oil prices, U.S. monetary policy developments, and trade negotiations such as USMCA. The CAD has also strengthened against the euro, pound, and Swiss franc, indicating it continues to benefit from its commodity-linked nature and relative risk sentiment.
Overall, the Canadian dollar has shown stability with moderate upward momentum, closely aligned with oil price trends and external economic developments.
Forecast snapshot
Quick CAD/USD forecast
Near-term bias🔴 Mild downside
Expected range0.7170 – 0.7300
Dominant driver🏦 Central bank policy divergence
3-month trend🟢 Uptrend
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Canadian dollar to US dollar · CAD/USD trend
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Popular CAD exchange rates
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1 CAD =0.7187USD
1D+0.1%▲
1 CAD =0.6218EUR
1D+0.1%▲
1 CAD =12.23MXN
1D−0.3%▼
1 USD =0.8652EUR
1D0.0%⬦
1 CAD =68.50INR
1D+0.1%▲
1 CAD =0.5309GBP
1D+0.1%▲
1 CAD =43.98PHP
1D+0.7%▲
1 CAD =1.0141AUD
1D0.0%⬦
1 INR =0.014599CAD
1D−0.1%▼
