The US dollar advanced against the Canadian dollar on Friday May 8 2026, gaining 37bps from 1.3635 at the previous close to 1.3686. One Canadian dollar bought US$0.731, down from US$0.733 at Thursday’s close. The rate sits 41bps below its 30-day average of 1.3742, as the Canadian dollar recovered ground. The previous close was recorded at the Bank of Canada’s official daily fix on Thursday May 7 2026.