Friday’s Bank of Canada average was CAD1.3993 per USD, down from CAD1.4097 on Monday; these are dated reference rates, not live quotes.
The latest business-day snapshot
The Bank of Canada’s latest displayed daily table lists one US dollar at CAD 1.3993 for Friday, October 23, compared with CAD 1.4097 on Monday, October 19. A lower number in this quotation means fewer Canadian dollars are required to buy a US dollar. On that comparison, the Canadian dollar strengthened against its US counterpart over the displayed week. This is a comparison of daily averages, not a claim about Friday’s closing trade.
Other currencies moved differently
The same official table puts one euro at CAD 1.5667 on Friday, compared with CAD 1.5810 on Monday, and one British pound at CAD 1.8713 versus CAD 1.8767. Currency direction matters: each figure expresses Canadian dollars needed for one unit of the named foreign currency. Readers should avoid reversing that relationship when comparing a headline with the table.
Why there is no new Sunday rate
The Bank publishes daily averages on business days, normally by 4:30 p.m. Eastern. It does not publish a daily closing, noon, high or low rate. Its backgrounder explains that the figures are indicative averages based on aggregated financial-institution price quotes. Technical problems or extraordinary market conditions can delay publication. A weekend article therefore should identify the observation date instead of presenting the last available figure as a fresh Sunday transaction.
What a conversion would leave out
The Bank cautions that its indicative figures can differ from executable rates offered by financial institutions and other providers. Our interpretation is that this table is a reference point for comparing dates and currency directions, not a guarantee of the amount a customer will receive. This report does not establish the cause of the week’s movement or predict where the dollar will trade when markets reopen.
Sources & transparency
Bank of CanadaBank of Canada exchange-rate methodologyOriginal CDN News briefing prepared with AI assistance and checked against the linked sources for the October 25, 2026 edition. Source release dates, observation periods and future events are distinguished. Illustrative photographs do not depict the reported events.
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