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 | — | - | - | — |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| 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?
The right time to convert depends on your personal circumstances and timeline rather than market timing. Check the rate panel above to see the current CAD/USD rate, then compare it to historical levels using the chart on this page to understand whether the pair is trading near recent highs or lows.
Consider your cash flow needs, upcoming expenses, and risk tolerance - factors like Bank of Canada policy shifts or US economic data can move this pair significantly, so locking in a rate when you need the funds may matter more than trying to catch the absolute best level.
What moves the CAD/USD exchange rate?
The CAD/USD rate is driven by interest rate decisions from the Bank of Canada and the Federal Reserve, since higher rates attract foreign investment into that currency. Commodity prices - especially crude oil - heavily influence the Canadian dollar because oil is a major Canadian export; when oil prices rise, CAD typically strengthens.
Economic data releases like employment reports, inflation figures, and GDP growth from both countries, plus trade flows between the world's largest trading partners, all create volatility in this pair.
Will Canadian Dollar get stronger or weaker against US Dollar?
Exchange rate movements depend on multiple shifting variables including central bank policy, commodity cycles, and economic data that we cannot predict with certainty. Rather than making a forecast, examine the factors to watch: Bank of Canada rate decisions relative to Federal Reserve moves, crude oil price trends, and relative growth rates between the two economies.
Review the historical chart above to see how CAD/USD has behaved during past periods of commodity volatility or policy divergence between the two central banks.
How can I avoid fees when converting CAD to USD?
Compare the all-in costs across different providers - banks, online currency services, and payment platforms all charge different spreads and fees for CAD/USD conversions. Some online specialists offer lower margins than traditional banks but may have higher wire fees, while bank conversions include both the markup on the rate and fixed transaction costs.
Check whether your provider shows you the mid-market rate (the true wholesale rate between banks) versus their actual rate - that spread represents their markup, so larger spreads mean higher costs regardless of stated fees.
Should I exchange US Dollar at home or abroad?
Exchanging currency before departure typically costs more because your home bank builds in a larger spread to CAD/USD rates than you would get at US banks or ATMs. However, exchanging small amounts abroad or using your debit card in the United States may trigger higher per-transaction fees than one larger exchange before you leave Canada.
Calculate the total cost for your situation: the spread on the conversion rate plus any transaction fees, comparing your Canadian bank's all-in cost against US ATM withdrawal fees or local exchange services.
How far does Canadian Dollar go in the United States?
The purchasing power of CAD in the United States depends on the current CAD/USD exchange rate shown in the panel above, combined with actual price differences between Canada and the US. Some goods and services cost less in the United States even after currency conversion, while others - like gasoline or certain groceries - may be comparable or higher depending on the region you visit.
Use the rate panel to calculate what your Canadian dollars equal in US purchasing power, then research prices for the specific items or services you plan to buy in your destination.
What is the cheapest way to send CAD to USD?
International transfer costs for CAD to USD depend on the provider's fee structure plus their markup on the CAD/USD rate shown in the rate panel above. Online transfer specialists often charge lower percentage fees than banks but may have minimum transfer amounts or longer delivery times, while banks offer convenience at higher spreads.
For large transfers, specialist remittance services may be cheaper; for smaller amounts, PayPal or peer-to-peer apps might work, though each has different fee schedules - compare the total cost (fee plus rate markup) across at least three providers before transferring.
Why is the Canadian dollar so low?
The CAD/USD rate reflects multiple structural factors including Canada's economy being heavily dependent on commodity exports, particularly crude oil, which creates currency sensitivity to global energy prices. Interest rate policy matters too - when the Federal Reserve holds rates higher than the Bank of Canada, investors get better returns in US dollar assets, increasing demand for USD relative to CAD.
Reviewing the historical chart on this page shows how CAD/USD has moved alongside oil price cycles and periods when the Fed and Bank of Canada were raising or cutting rates at different paces.
How much is $1 USD in CAD today?
Check the rate panel above, which displays the current CAD/USD exchange rate in real time. That rate tells you exactly how many Canadian dollars equal one US dollar at this moment, though the actual rate you receive from a bank or currency service will include their spread or markup.
Exchange rates move continuously during market hours, so the rate you see now may differ slightly within minutes; use the rate panel to get the live mid-market rate for reference.
How much is $100 Canadian in US dollars?
Use the rate panel above to see the current CAD/USD exchange rate, then multiply your 100 CAD by that rate to calculate the US dollar equivalent - the rate panel may have a converter tool to do this automatically. Keep in mind that figure represents the mid-market rate; when you actually exchange money through a bank or service, you'll receive less because of their spread or markup.
The comparison table on this page may also show how different providers convert that same 100 CAD with their specific fees included.
Is the dollar expected to strengthen?
Predicting currency direction requires forecasting central bank decisions, economic growth, and commodity prices - all inherently uncertain. Instead of a prediction, examine the data: review the historical chart above to see how CAD/USD responds to Federal Reserve policy changes, Bank of Canada rate decisions, and crude oil price movements, then monitor these factors going forward.
The rate panel will keep you updated on the current CAD/USD level as new economic data and central bank statements emerge.
Why does Trump want the dollar to weaken?
Political comments about currency levels don't directly move central bank policy - the Federal Reserve operates independently from political pressure and sets rates based on inflation and employment data. A weaker US dollar could theoretically make American exports cheaper and more competitive globally, which some policymakers view favorably for domestic manufacturing and trade balances.
The CAD/USD rate shown in the panel above reflects actual economic data and interest rate differentials between the two countries rather than political rhetoric, so monitor Bank of Canada and Federal Reserve decisions as the primary drivers of this pair's movement.
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.