CAD/USD Exchange Rates

Stay up to date with the latest Canadian Dollar to US Dollar exchange rates, all in one place. Whether you’re sending money overseas, receiving funds from Canada, or just tracking the market, we make it easy to see how the CAD is performing against the USD. Our insights are useful for anyone making personal or business transfers, as well as travellers, investors, and anyone keeping an eye on the CAD to USD exchange rate.

Mid-Market Exchange Rate

£
1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR
1.00 EUR =0.85300946 BGR
Our currency converter displays mid-market exchange rates. You won’t receive these rates when making transfers.
Last updated:  Jan 1, 2024

Exchange rates move constantly, shifting throughout the day with global markets, central bank decisions, and wider economic trends. For anyone sending money from Canada to USA, these fluctuations can significantly affect how much arrives at the other end. Keeping track of the latest CAD to USD movements allows you to time your transfer more effectively, so you can make the most of stronger rates

See live transfer rates and what you’ll pay

Understanding the mid-market rate is a great starting point, but the real savings come from comparing what providers actually offer. Use our tool to discover the live exchange rates and total costs from leading providers.

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Popular Conversions

This table provides a quick reference for CAD/USD to USD/CAD conversions, showing at a glance how much you’d get in the other currency for different amounts. On the left, you’ll see the US Dollar (USD) value for various Canadian Dollar (CAD) amounts, and on the right, the reverse. It’s a handy guide to see how the CAD/USD exchange rate works across a range of values.

Currency Comparison

This table offers a side-by-side look at the Canadian Dollar (CAD) to US Dollar (USD), covering key facts about each currency. You’ll find details like their names, symbols, nicknames, minor units, and the countries where they’re used. It also shows which central bank issues them, when they were introduced, and how they rank globally in terms of usage. It’s a quick way to get familiar with the background of both currencies.

Basic DetailsCADUSD
NameCanadian DollarUS Dollar
NicknameLoonie, Toonie, BuckGreenback, Buck, Grand
Symbol$$
Minor UnitCentCent
Minor Unit Symbolcc
CountryCanadaUnited States
Central BankBank of CanadaFederal Reserve System (Fed)
Year Introduced18581792
Countries of UsageCanadaEcuador, El Salvador, Puerto Rico, U.S. Virgin Islands (and others)
Major Currency Rank71

Canadian Dollar to US Dollar Trend

This interactive chart tracks CAD/USD trends over the past year, showing how the Canadian Dollar has moved against the US Dollar. You can adjust the time range (7, 14, or 60 days) to zoom in on recent CAD to USD exchange rate movements and spot short-term patterns. Hover over any point to see the exact exchange rate and date, with the percentage change for your chosen period displayed clearly in the top corner for quick reference.

Chart placeholder

Historical Rates for CAD/USD

This table shows the historical exchange rate ranges for the CAD/USD currency pair over different time periods. For each period, you can see the lowest and highest rates recorded, giving you a sense of how the exchange rate has moved over time: from today, the past few days, up to the last 10 years, and even all time data. It’s a useful way to spot long-term trends or compare how the rate has shifted more recently.

PeriodLowHigh
Today1.11111.2222
Past 7 Days1.11111.2222
Past 30 Days1.11111.2222
Past 60 Days1.11111.2222
Past 10 Years1.11111.2222
All time1.11111.2222

CAD/USD History

2026

In 2026, the average CAD/USD exchange rate was approximately 0.7226

The CAD/USD hit its highest point of the year on January 29, 2026, when the rate was approximately 0.7415

Its lowest point came on June 24, 2026, when the rate was approximately 0.7025

2011-2025

Between 2011-2025, the average CAD/USD exchange rate was approximately 0.8149.

The highest CAD/USD rate in this period was on July 26, 2011, when the rate was 1.0606.

The lowest CAD/USD rate in this period was on February 2, 2025, when the rate was approximately 0.6787.

The latest CAD/USD exchange rate is currently:

Amount
1.000
CADCAD
Converted to
1.111
USDUSD
Date
22 July 2024
1.000CAD
=
1.111USD

Factors Influencing Future Movements

Some of the main factors set to influence the CAD/USD exchange rate are:

  • Economic Growth:The Canadian Dollar’s performance against the U.S. Dollar is heavily influenced by the relative strength of the Canadian and American economies. Canada is projected to grow by around 1.6% in 2025 and 1.8% in 2026, while the United States is expected to expand by 2.2% in 2025 and 2.0% in 2026. With the U.S. maintaining a slightly stronger growth outlook, the USD often benefits from investor confidence in the American economy, while Canada’s close economic dependence on the U.S. amplifies spillover effects.
  • Interest Rates: Monetary policy is a major driver of CAD/USD movements. By the end of 2026, the Bank of Canada’s policy rate is projected at about 2.75%, compared with the U.S. Federal Reserve’s rate of around 3.75%. This higher U.S. interest rate outlook tends to favor the USD by attracting capital flows, though relative inflation dynamics and future central bank guidance can shift expectations quickly.
  • Trade Dynamics: Canada and the United States share one of the world’s largest bilateral trading relationships, reinforced by the United States–Mexico–Canada Agreement (USMCA). Over 75% of Canadian exports are destined for the U.S., spanning energy, automotive products, and manufactured goods, while Canada is a significant importer of U.S. machinery, technology, and services. This deep integration means CAD/USD is highly sensitive to cross-border trade flows, tariff changes, and supply chain adjustments. Trade policy developments in Washington often have a direct impact on the Canadian Dollar.
  • Global Market Sentiment: The CAD is often seen as a cyclical currency, responding to North American economic conditions and investor appetite for Canadian assets, while the USD remains the world’s primary reserve and safe-haven currency, strengthening in times of global uncertainty. By 2026, 10-year Canadian government bond yields are projected at around 3.7%, compared with 4.2% for U.S. Treasuries, giving the U.S. a modest yield advantage. This, combined with the dollar’s safe-haven status, means global risk sentiment plays a decisive role in CAD/USD fluctuations.

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