Canadian Dollar to US Dollar (CAD/USD) Exchange Rate Today
Popular pairThe rate behind every cross-border purchase, transfer, and business deal between the US and Canada.
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CAD to USD Conversion Table
Common amounts converted from Canadian Dollar to US Dollar at today's rate.
| Canadian Dollar (CAD) | US Dollar (USD) |
|---|---|
| 1 CAD | — |
| 5 CAD | — |
| 10 CAD | — |
| 25 CAD | — |
| 50 CAD | — |
| 100 CAD | — |
| 250 CAD | — |
| 500 CAD | — |
| 1,000 CAD | — |
| 5,000 CAD | — |
| 10,000 CAD | — |
| 50,000 CAD | — |
How much US Dollar will you actually receive?
Estimated cost to convert CAD 1,000 to USD with different transfer services. Fees are sourced from published pricing pages and may vary by amount, payment method, and destination.
| Service | Rate | Fee | Total Cost | USD received |
|---|---|---|---|---|
| Mid-market rate | — | - | - | — |
| Wise Visit source Mar 2026 | — | — | — | — |
| Revolut Visit source Mar 2026 | — | — | — | — |
| Remitly Visit source Mar 2026 | — | — | — | — |
| OFX Visit source Mar 2026 | — | — | — | — |
| XE Visit source Mar 2026 | — | — | — | — |
| Typical bank Mar 2026 | — | — | — | — |
| Bureau de change Mar 2026 | — | — | — | — |
Some links are affiliate links and may earn us a commission at no extra cost to you. This does not affect our ranking - we sort by lowest total cost to you. Fees are estimates based on published pricing and may differ from your actual quote.
Why people convert Canadian Dollar to US Dollar
CAD/USD is one of the most traded currency pairs in the world. People convert between Canadian Dollar and US Dollar for international trade, cross-border investment, tourism, and hedging. Because of its deep liquidity, spreads are tight and most providers offer competitive rates on this pair.
CAD/USD rate statistics
Is today's CAD/USD rate good or bad?
We compare today's live Canadian Dollar to US Dollar mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, CAD holders get more US Dollar per unit - a better time to convert. When it is near the bottom, you may want to watch and wait.
The US-Canada rate is heavily influenced by oil prices, since Canada is a major energy exporter. The tight economic integration between the two countries means this pair often trades in a relatively narrow range compared to other major pairs.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the CAD/USD exchange rate?
The CAD/USD rate tracks how many US Dollar one Canadian Dollar buys. Nicknamed the 'Loonie', this pair tracks the US-Canada economic relationship. Oil prices are a major driver, since Canada is one of the world's largest energy exporters.
CAD is issued by the Bank of Canada (BOC) (ranked 8th globally - meaning it's the 8th most bought and sold currency in the world). USD is issued by the Federal Reserve (ranked 1st). Full CAD profile | Full USD profile
What drives this rate? Oil prices are a major driver since Canada is a large energy exporter. Bank of Canada rate decisions and US-Canada trade flows also play a key role.
Is today's CAD/USD rate good or bad?
The Canadian Dollar to US Dollar mid-market rate shown above is the reference price before any provider adds fees or markup. It is not a guaranteed quote - your bank, card issuer, or transfer service will offer a different rate that includes their margin.
On a typical conversion, banks add 1-2% to this rate. The gap between the mid-market rate and what you actually receive is the real cost of converting - often larger than any flat fee. CAD/USD is one of the most liquid pairs in forex, so bank spreads are relatively tight. Even so, that margin adds up on larger amounts.
Converting Canadian Dollar to US Dollar? Read this first
Converting to Canadian Dollars? Canada's banking system is highly efficient - cards are accepted everywhere and ATMs from the big five banks (RBC, TD, Scotiabank, BMO, CIBC) offer competitive rates. For large transfers, online services typically beat banks by 1-2%.
Watch out: CAD/USD is highly liquid, so spreads should be tight. If your provider is adding more than 1% to the mid-market rate shown above, you can likely do better elsewhere.
Did you know?
- Canada's two-dollar coin is called the 'Toonie' - a portmanteau of 'two' and 'Loonie' (the one-dollar coin). It was introduced in 1996.
- About 80% of all US $100 bills are held overseas, primarily in countries with unstable local currencies.
Frequently asked questions
Is now a good time to convert CAD to USD?
Check the rate context panel above - it shows where today's CAD/USD rate sits relative to its 30-day and 52-week range. If the rate is near the top of its range, CAD holders are getting more US Dollar per unit than usual. If it is near the bottom, you may benefit from waiting or splitting your conversion across several days. There is no way to reliably predict currency movements, but understanding where the rate sits in its recent range helps you make a more informed decision.
What moves the CAD/USD exchange rate?
Oil prices are a major driver since Canada is a large energy exporter. Bank of Canada rate decisions and US-Canada trade flows also play a key role.
Why does USD/CAD move with oil prices?
Canada is one of the world's largest oil exporters. When oil prices rise, Canada earns more export revenue, increasing demand for CAD and pushing USD/CAD lower. The relationship is not perfect, but oil is the single most important commodity driver for the Canadian dollar.
Learn more
- Bank of Canada - Exchange Rates - Official daily noon and closing rates
- FRED - USD/CAD Daily Rate - Historical loonie rate data from the Fed
How this rate is calculated
We prefer a direct rate from our primary data source when one is available. If a direct quote is unavailable, we compute a cross-rate through a major intermediary currency (usually USD or EUR). When a rate is derived rather than directly quoted, we label it on the page. Full methodology.