On August 29, 2008, Picard was traded to the Ottawa Senators along with Filip Kuba and a first round draft pick for Andrej Meszaros. On February 12, 2010, Picard, who had been a healthy scratch for much of the season, along with Ottawa's second round pick in the 2010 NHL Entry Draft, were traded to the Carolina Hurricanes in exchange for Matt Cullen.