Daily Foreign Exchange Update for July 13, 2026

Spot Rates

• USDCAD spot rate: 1.4140 - 1.4145 (as at 8:55am PST)
• Asia: 1.4141 to 1.4174
• Europe: 1.4125 To 1.4148
• North America: 1.4133 to 1.4152

Technical Support / Resistance:

• S2 1.4050
• S1 1.4100
• R1 1.4190
• R2 1.4240

Important events we're watching this week:

• July 14, USA, CPI
• July 15, Canada, BOC interest rate
• July 15, USA, Producer price index
• July 16, USA, Retail sales
• July 17, USA, Industrial production, consumer sentiment index

Market Spotlight

The CAD trades firmly against its major currency peers but is flat at around 1.4140 against the USD during the trading sessions on Monday. The Loonie outperforms as Oil prices have increased significantly, following the announcement that Iran has closed the Strait of Hormuz, a vital passage to almost one-fifth of the global energy supply, again. As of writing, the WTI Oil price is up 4.4%, above $74.00. Given that Canada is a net energy exporter, higher oil prices bode well for the CAD. Over the weekend, Iran announced that the Hormuz would now be closed “until further notice”, as part of retaliation against several attacks from U.S. military forces on various regions in Iran. While the CAD outperforms its major peers, it trades sideways against the USD, as the safe-haven demand for the latter has improved amid renewed aggression in the Middle East.

• Currently, the TSX is down 0.22% while the DJIA is down 0.23%.
• EURCAD is down 0.17% trading between 1.6106 and 1.6176.
• GBPCAD is down 0.25% trading between 1.8896 and 1.8987.
• JPYCAD is down 0.48% trading between 0.00870 and 0.00875.
• Gold is down 2.56% trading between $3,999 - $4,115USD/oz.
• Silver is down 3.08% trading between $57.53 - $59.36USD/oz.
• Oil (WTI crude) is up 4.41% trading between $72.67 and $75.13.