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USD/CAD News & Analysis

Live updates, breaking news, and economic events affecting the dollar loonie exchange rate. Last updated: 12 Jun 2026, 18:39 GMT

Current USD/CAD Rate

Upcoming Events (Next 7 Days)

Housing Starts MEDIUM IMPACT
15 Jun 2026, 12:15 GMT
Industrial Production MEDIUM IMPACT
15 Jun 2026, 13:15 GMT
Building Permits MEDIUM IMPACT
16 Jun 2026, 12:30 GMT
Housing Starts MEDIUM IMPACT
16 Jun 2026, 12:30 GMT

High Impact News (Last 24 Hours)

June US prelim Mich consumer sentiment 48.9 vs 46.0 expected
Prior was 48.2Current conditions 48.4 vs 46.2 expected (prior was 45.8)Expectations 49.3 vs 44.3 expected (prior was 44.1)1-year inflation 4.6% vs 4.8% prior5-year inflation 3.4% vs 3.9% priorI don't know why anyone cares about this report at this point. It's been in the doldrums forever and hasn't predicted any slowdown in consumer spending. It's highly split on political lines and it tripped up the FOMC a few years ago with an illusory jump in inflation expectations that was revised away short...
ForexLive 3h ago
Federal Reserve: Warsh policy shift and inflation focus – NBC
National Bank of Canada (NBC) strategists assess how Kevin Warsh may reshape Federal Reserve (Fed) policy.
FXStreet Forex 4h ago
Fed: Warsh era starts with cautious stance and delayed cuts – Commerzbank
Commerzbank’s Bernd Weidensteiner and Christoph Balz argue that Kevin Warsh’s first Federal Reserve meeting is unlikely to deliver an immediate rate cut, given elevated PCE inflation and a still‑solid labor market.
FXStreet Forex 5h ago
US Dollar: Higher-for-longer backdrop supports USD – MUFG
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee argue that firmer US inflation and resilient labour markets underpin a higher-for-longer global rates backdrop, supporting the US Dollar.
FXStreet Forex 5h ago
How have interest rate expectations changed after this week's events?
Rate hikes by year-endRBNZ: 65 bps (76% probability of rate hike at the next meeting)BoJ: 46 bps (90% probability of rate hike at the next meeting)ECB: 37 bps (70% probability of no change at the next meeting)BoE: 35 bps (91% probability of no change at the next meeting)BoC: 24 bps (94% probability of no change at the next meeting)Fed: 18 bps (97% probability of no change at the next meeting)RBA: 12 bps (99% probability of no change at the next meeting)SNB: 8 bps (99% probability of no change at...
ForexLive 6h ago

Latest USD/CAD News

ForexLive 12 Jun 2026, 15:04 GMT HIGH IMPACT
Prior was 48.2Current conditions 48.4 vs 46.2 expected (prior was 45.8)Expectations 49.3 vs 44.3 expected (prior was 44.1)1-year inflation 4.6% vs 4.8% prior5-year inflation 3.4% vs 3.9% priorI don't know why anyone cares about this report at this point. It's been in the doldrums forever and hasn't predicted any slowdown in consumer spending. It's highly split on political lines and it tripped up the FOMC a few years ago with an illusory jump in inflation expectations that was revised away short...
ForexLive 12 Jun 2026, 14:47 GMT MEDIUM IMPACT
The Iran peace trade is fading today after Trump wrote:The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing. What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith. AMAZING! Also, their totally rebuffed Drone attack last night against Indian Ships leaving the Hormuz Strait is TOTALLY U...
FXStreet Forex 12 Jun 2026, 14:38 GMT HIGH IMPACT
National Bank of Canada (NBC) strategists assess how Kevin Warsh may reshape Federal Reserve (Fed) policy.
FXStreet Forex 12 Jun 2026, 13:15 GMT HIGH IMPACT
Commerzbank’s Bernd Weidensteiner and Christoph Balz argue that Kevin Warsh’s first Federal Reserve meeting is unlikely to deliver an immediate rate cut, given elevated PCE inflation and a still‑solid labor market.
FXStreet Forex 12 Jun 2026, 12:53 GMT HIGH IMPACT
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee argue that firmer US inflation and resilient labour markets underpin a higher-for-longer global rates backdrop, supporting the US Dollar.
ForexLive 12 Jun 2026, 12:16 GMT HIGH IMPACT
Rate hikes by year-endRBNZ: 65 bps (76% probability of rate hike at the next meeting)BoJ: 46 bps (90% probability of rate hike at the next meeting)ECB: 37 bps (70% probability of no change at the next meeting)BoE: 35 bps (91% probability of no change at the next meeting)BoC: 24 bps (94% probability of no change at the next meeting)Fed: 18 bps (97% probability of no change at the next meeting)RBA: 12 bps (99% probability of no change at the next meeting)SNB: 8 bps (99% probability of no change at...
FXStreet Forex 12 Jun 2026, 12:07 GMT MEDIUM IMPACT
Nordea’s Jan von Gerich expects Kevin Warsh’s first FOMC meeting on 17 June to deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing.
FXStreet Forex 12 Jun 2026, 09:24 GMT MEDIUM IMPACT
Nomura’s Dominic Bunning and colleagues note that while the Dollar bull case remains supported by strong US data, higher Fed rate expectations and robust US equities, historical patterns around US data surprises point to downside risks for USD over the next few months.
FXStreet Forex 12 Jun 2026, 07:53 GMT MEDIUM IMPACT
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after registering modest losses in the previous day and trading around 99.80 during the early European hours on Friday.
FXStreet Forex 12 Jun 2026, 07:21 GMT HIGH IMPACT
The USD/CAD pair gains traction to near 1.3980 during the early European trading hours on Friday, bolstered by hot US inflation data. Traders will closely monitor the developments surrounding the US-Iran peace deal.
Investing.com Fundamental 12 Jun 2026, 06:25 GMT MEDIUM IMPACT
ForexLive 12 Jun 2026, 04:48 GMT HIGH IMPACT
Reuters poll in near unanimous: RBA seen holding at 4.35% on June 16Westpac sees RBA hold at the June 15-16 meeting, but more hikes aheadIRGC vows "regret-inducing" response, signals no surrender on dealReport - US forces down Iranian drones going for strikes on Hormuz shippingPBOC sets USD/ CNY reference rate for today at 6.8109 (vs. estimate at 6.7640)South Korea’s central bank governor Shin says interest rates need to be increasedJapan's Nikkei share index up more than 4% on Trump-Iran 'dea...
FXStreet Forex 12 Jun 2026, 03:42 GMT HIGH IMPACT
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.80 during the Asian trading hours on Friday. The DXY gathers strength amid uncertainty in the Middle East and a hot US inflation report.
FXStreet Forex 12 Jun 2026, 02:27 GMT MEDIUM IMPACT
USD/CAD extends its gains for the second successive day, trading around 1.3980 during the Asian hours on Friday. However, the upside for the USD/CAD pair may face notable resistance as a sudden easing of geopolitical risk could sideline the US Dollar (USD).

Frequently Asked Questions

Why is USD/CAD moving today?

USD/CAD movements are primarily driven by interest rate decisions from the Federal Reserve (Fed) and Bank of Canada (BoC), economic data releases from the US and Canadian economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.

How often is USD/CAD news updated?

Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.

What affects the USD/CAD exchange rate?

Key factors include Federal Reserve (Fed) and Bank of Canada (BoC) interest rate policies, economic data releases (US CPI, Federal Reserve interest rates, Non-Farm Payrolls (NFP), GDP; Canadian CPI, BoC rate decisions, employment data, oil prices), political events, trade balances, and market sentiment. Major announcements from Fed Chair and FOMC members and BoC Governor and Governing Council often trigger significant moves.