USD/CAD tests range top on lower US yields, firm oil: Oct 17, 2026
The Canadian dollar is trading near a two-week high around 1.4195-1.4200 and is headed for its first weekly gain in six weeks, with lower U.S. yields, dovish Federal Reserve comments and higher oil prices weighing on the U.S. dollar. The pair found modest intraday support after a higher inflation reading, with focus on Canada's September CPI report and Prime Minister Mark Carney's comments on U.S.-Canada tensions and Alberta's separation vote.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the USD/CAD page.
Headlines (8)
Carried over from earlier days
- USD/CAD Price Forecast: Trades near 1.4200 after breaking below nine-day EMAFXStreet
- 1.4195: Canadian Dollar tests range top amid lower US Yields, dovish FedspeakFXStreet
- Event Guide: Canada’s CPI Report (September 2026)babypips.com
- Prime Minister Mark Carney says US is trying to break Canada as Alberta votes on separation pathABC News
- Canadian Dollar stands firm near two-week high vs weak USD amid bullish oil pricesFXStreet
- USDCAD is lower on the day, but getting a modest lift after another higher inflation readingInvestingLive
- Canadian Dollar: Bullish turn targets 1.40 against US Dollar – ScotiabankFXStreet
- Canadian Dollar heads for first weekly gain in six weeksFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 19 | ||
| Common CPI y/y | 2.6% | CAD |
| CPI m/m | 0.2% | CAD |
| Trimmed CPI y/y | 1.9% | CAD |
| Core CPI m/m | CAD | |
| Median CPI y/y | 2.0% | CAD |
| NAHB Housing Market Index | 31 | USD |
| BOC Business Outlook Survey | CAD | |
| Tuesday, October 20 | ||
| ADP Weekly Employment Change | USD | |