Use this live chart to track the current CAD to USD exchange rate. Whether you're sending money, watching market trends, or timing a cross-border transaction, this real-time feed keeps you updated on rate movements.
Here’s how the CAD to USD rate has moved over the last 12 months:
The CAD to USD pair reflects more than just interest rates. It’s shaped by commodity markets, risk appetite, and the diverging pace of US and Canadian economic performance.
Canada is a major oil exporter. When global crude oil prices rise, CAD tends to gain, since demand for Canadian exports increases. If energy prices drop or global growth slows, the loonie often loses ground.
The Bank of Canada and the US Federal Reserve don’t always move in sync. If the Fed hikes faster or signals stronger growth, the USD typically strengthens. But if the BoC surprises markets with firm guidance or strong data, CAD can outperform.
Markets respond quickly to US economic indicators, like jobs, inflation, and retail sales, making the US dollar react swiftly. Canadian data influences the loonie too, but usually requires a significant surprise to shift momentum meaningfully.
In times of global uncertainty, investors tend to move toward the US dollar as a safe haven. When risk appetite improves or commodity prices rally, CAD often finds support.
Whether you're moving funds for a US property purchase, paying an invoice, or sending money to family, every fraction in the exchange rate can affect how much arrives. Our service offers:
It changes frequently, especially during North American trading hours or after key economic releases in the US or Canada.
Not exactly. We use the mid-market rate as a reference and apply a small, transparent margin, typically better than most banks.
Yes. Forward contracts let you fix today's rate and reduce risk if you're planning a future transfer.
Not always, but often. When oil markets rally, CAD tends to benefit. If energy demand weakens, CAD usually comes under pressure, especially if paired with soft economic data.