US Dollar to Canadian Dollar (USD/CAD) Exchange Rate Today
Popular pairThe rate behind every cross-border purchase, transfer, and business deal between the US and Canada.
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USD to CAD Conversion Table
Common amounts converted from US Dollar to Canadian Dollar at today's rate.
| US Dollar (USD) | Canadian Dollar (CAD) |
|---|---|
| 1 USD | — |
| 5 USD | — |
| 10 USD | — |
| 25 USD | — |
| 50 USD | — |
| 100 USD | — |
| 250 USD | — |
| 500 USD | — |
| 1,000 USD | — |
| 5,000 USD | — |
| 10,000 USD | — |
| 50,000 USD | — |
How much Canadian Dollar will you actually receive?
Estimated cost to convert USD 1,000 to CAD 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 | CAD 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 US Dollar to Canadian Dollar
USD/CAD is one of the most traded currency pairs in the world. People convert between US Dollar and Canadian 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.
USD/CAD rate statistics
Is today's USD/CAD rate good or bad?
We compare today's live US Dollar to Canadian Dollar mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, USD holders get more Canadian 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 USD/CAD exchange rate?
The USD/CAD rate tracks how many Canadian Dollar one US 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.
USD is issued by the Federal Reserve (ranked 1st globally - meaning it's the 1st most bought and sold currency in the world). CAD is issued by the Bank of Canada (BOC) (ranked 8th). Full USD profile | Full CAD 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 USD/CAD rate good or bad?
The US Dollar to Canadian 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. USD/CAD 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 US Dollar to Canadian 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: USD/CAD 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?
- The US $100 bill is the most counterfeited denomination globally - the Secret Service estimates about 0.01% of all hundreds in circulation are fake.
Frequently asked questions
Is now a good time to convert USD to CAD?
Check the rate context panel above - it shows where today's USD/CAD rate sits relative to its 30-day and 52-week range. If the rate is near the top of its range, USD holders are getting more Canadian 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 USD/CAD 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.
Is it better to use a card or withdraw cash for Canadian Dollar?
For most travelers, a card with no foreign transaction fee is the simplest and cheapest option - provided you always choose to pay in Canadian Dollar (the local currency) rather than US Dollar. Choosing your home currency triggers Dynamic Currency Conversion (DCC), which typically adds 3-5% on top. If you need cash, withdraw from ATMs in-country rather than exchanging at airports.
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.