Weekly macroeconomic intelligence, central bank rate divergence analysis, interactive historical charts, and retail exchange rate tracking for Canada’s primary trading and travel currencies.
The Canadian Dollar starts the second week of November 2026 under broad pressure, with USD/CAD breaking out above 1.4113 following recent central bank announcements and post-election market re-pricing. Core currency pairs reflect significant interest rate and macro momentum divergence:
| Currency Pair | Current Spot | Inverse Rate | 52-Week Range | Central Bank Policy Spread | Weekly Outlook | Action Tracker |
|---|---|---|---|---|---|---|
|
🇺🇸 USD / CAD US Dollar |
1.4113 CAD | 1 CAD = $0.7086 | 1.3415 — 1.4150 |
-75 bps (Fed +0.75%) Fed 4.50% vs BoC 3.75% |
Bullish USD (1.4020–1.4220) CAD pressured by yield gap |
USD Tracker |
|
🇪🇺 EUR / CAD Euro |
1.5732 CAD | 1 CAD = €0.6356 | 1.4580 — 1.5800 |
+50 bps (BoC +0.50%) ECB 3.25% vs BoC 3.75% |
Euro Firm (1.5600–1.5850) Loonie headwinds lift Euro |
EUR Tracker |
|
🇬🇧 GBP / CAD British Pound |
1.8857 CAD | 1 CAD = £0.5303 | 1.7250 — 1.8950 |
-100 bps (BoE +1.00%) BoE 4.75% vs BoC 3.75% |
Sterling Elevated (1.8700–1.9000) UK wage stickiness premium |
GBP Tracker |
|
🇲🇽 CAD / MXN Mexican Peso |
13.20 MXN | 1 MXN = $0.0757 CAD | 12.10 — 15.20 |
+650 bps (Banxico +6.50%) Banxico 10.25% vs BoC 3.75% |
High Snowbird Value (13.00–13.45) Favorable winter holiday cash |
MXN Tracker |
|
🇯🇵 CAD / JPY Japanese Yen |
112.23 JPY | 100 JPY = $0.8910 CAD | 102.50 — 118.80 |
+350 bps (BoC +3.50%) BoC 3.75% vs BoJ 0.25% |
Historic Travel Value (111.00–113.50) Yen historically cheap |
JPY Tracker |
USD pushed past 1.41 on strong US macroeconomic resilience and interest rate differentials. Dollar-cost average on minor pullbacks.
View USD Chart & Alert Tracker →Euro testing upper boundaries around 1.5730 as general Canadian Dollar selling lifts cross pairs. Manage cash needs with alerts.
View EUR Chart & Alert Tracker →The Pound remains elevated near 1.8850 CAD supported by sticky UK inflation and an attractive short-term sovereign yield spread.
View GBP Chart & Alert Tracker →Exceptional seasonal purchasing power for Canadian snowbirds visiting Mexico. Secure physical pesos before peak resort demand.
View MXN Chart & Alert Tracker →CAD purchasing power in Japan remains near historic highs. Prime window for Canadian travellers to acquire physical yen cash.
View JPY Chart & Alert Tracker →Did you know Canadian chartered banks charge up to 4.5% hidden markups on foreign currency transactions?
Currency Mart offers transparent wholesale exchange rates across all 78 global currencies at our 4 physical branch locations in Toronto and Winnipeg.
Exchange rate valuations over medium and long horizons are driven primarily by short-term interest rate differentials between national central banks. When foreign central banks maintain higher benchmark borrowing rates than the Bank of Canada, yield-seeking international capital flows away from the Canadian dollar.
| Central Bank | Policy Benchmark | Current Rate | Spread vs Bank of Canada | Current Monetary Bias |
|---|---|---|---|---|
| Bank of Canada (BoC) | Overnight Target Rate | 3.75% | Benchmark Zero | Dovish / Easing |
| US Federal Reserve (Fed) | Federal Funds Target | 4.50% – 4.75% | -75 bps (Fed +0.75%) | Gradual Normalization |
| European Central Bank (ECB) | Deposit Facility Rate | 3.25% | +50 bps (BoC +0.50%) | Easing to Support Growth |
| Bank of England (BoE) | Bank Rate | 4.75% | -100 bps (BoE +1.00%) | Cautious / Inflation Focus |
| Bank of Mexico (Banxico) | Interbank Benchmark | 10.25% | +650 bps (Banxico Carry) | Gradual Easing from Peaks |
| Bank of Japan (BoJ) | Uncollateralized Call Rate | 0.25% | +350 bps (BoC +3.50%) | Slow Normalization |
Currency Mart covers the top 5 foreign currencies exchanged by Canadians: US Dollar (USD/CAD), Euro (EUR/CAD), British Pound (GBP/CAD), Mexican Peso (CAD/MXN), and Japanese Yen (CAD/JPY). Each tracker provides weekly macroeconomic outlooks, central bank monetary policy comparisons, interactive charts, and rate drop alerts.
The Bank of Canada's overnight rate directly influences foreign exchange rates via interest rate differentials. If the Bank of Canada cuts interest rates faster or deeper than foreign central banks like the US Federal Reserve or Bank of England, capital flows toward higher-yielding foreign currencies, placing downward pressure on CAD.
Yes. Currency Mart allows you to lock in physical cash exchange rates online or over the counter across our 4 branches in Toronto and Winnipeg. Currency Mart charges significantly lower margins than major Canadian chartered banks, typically saving travellers 2.5% to 3.5% on physical cash orders.
Don't pay 2.5% to 4.0% hidden markups at major banks or airport kiosks. Lock in your exchange rate online and collect guaranteed genuine banknotes at our 4 physical branch locations in Toronto and Winnipeg.