USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Open
1.36555-0.00066 (-0.05%)
As of: Apr 25, 2024 21:00 UTC
Open
1.36621
High
1.37365
Low
1.36544

Stats

Prev. Close

1.36621

Open

1.36621

Day's Range

1.36544 - 1.37365

52 Week Range

1.30926 - 1.39030

YTD Change

3.06%

1 Year Change

0.90%

Economic CalendarAll Events

Time zone: GMT

Thursday, April 25th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Retail Inventories Ex Autos MoM AdvMar	Medium	-0.1%	0.3%	0.3%
12:30	USD	GDP Growth Rate QoQ AdvQ1	High	1.6%	2.5%	3.4%
14:00	USD	Pending Home Sales MoMMar	Medium	3.4%	0.3%	1.6%
14:00	USD	Pending Home Sales YoYMar	Medium	0.1%	-4.0%	-7%

Friday, April 26th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	PCE Price Index YoYMar	Medium		2.6%	2.5%
12:30	USD	Personal Spending MoMMar	High		0.6%	0.8%
12:30	USD	PCE Price Index MoMMar	Medium		0.3%	0.3%

USD/CAD

The Canadian Dollar, also referred to as the Loonie, is referred to as a commodity currency. Both the value of the Loonie and Bank of Canada monetary policy are materially influenced by global commodity prices and the global economic outlook. While a commodity currency, the Loonie is also a benchmark currency, meaning that central banks globally hold Canadian Dollars as a reserve currency. The USD/CAD pairing is equal 5th most liquid pairing, accounting for 5% of total transaction volume in the FX markets. The Loonie is the 7th most traded currency in the world.

	Canada		United States
Interest Rate	5% Apr 24		5.5% Mar 24
Inflation Rate	2.9% Mar 24		3.5% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable