Many leading competitors have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. The CAD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert Canadian Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time.

Conversion Rates Canadian Dollar/US Dollar

Please bear with us as we address this and restore your personalized lists. To view rates between the Canadian Dollar and the US Dollar for a particular year, click on one of the links below. Set an alert now, and we’ll tell you when it gets better. And with our daily summaries, you’ll never miss out on the latest news.

• Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.
• Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years.
• Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate.
• Relatively higher interest rates tend to be positive for the CAD.

However, worries that Trump’s trade tariffs would complicate the BoJ’s path to rate hikes could continue to support the pair. The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone.

Canada unveils measures to counter U.S. tariffs, support local businesses

Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.

Canada Mortgage Bonds

• While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.
• Rest easy knowing your transfers will be delivered on time, or we’ll refund your fees.
• Compare our rate and fee with our competitors and see the difference for yourself.
• The opposite is the case if the price of Oil falls.
• Schedule international transfers across 130 currencies in 190+ countries.

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The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.

Dynamics of the cost changes of 1 Canadian Dollar (CAD) in United States Dollars (USD)

Gold price is back in the red below $3,350 early Tuesday, remaining stuck in a familiar range since last Friday as investors assess the implications of the latest tariff threats by US President Donald Trump. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The downside of the USD/CAD pair could be attributed to the stable Canadian Dollar (CAD), supported by the recent comments from the Prime Minister Office on Monday. The office said that Canada was not targeted by the global tariffs and has committed to reaching a bilateral agreement with the United States by July 21. However, the CAD may face challenges as Canada is subject to fentanyl-related US duties.

Rest easy knowing your transfers will be delivered on time, or we’ll refund your fees. With the currency converter, you can convert 1 Canadian Dollar to United States Dollars and find out how much one canadian Dollar is currently worth in Dollars. Also, you can make a reverse calculation and find out the current value of 1 United States Dollar in Canadian Dollars. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered.

Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely what is a forex spread the complete explanation to fall. The cost of 1 Canadian Dollar in United States Dollars today is $0.73 according to the “Open Exchange Rates”, compared to yesterday, the exchange rate decreased by -0.12% (by -$0.0008).

The dollar has been the currency of Canada since 1858. A number of central banks keep Canadian dollars as a reserve currency. It’s known locally as a buck or a loonie, with the two-dollar coin known as a toonie. USD/JPY retreats slightly from a two-week high touched on Monday amid renewed US Dollar selling. A turnaround in the global risk sentiment benefits the Japanese Yen and weighs on the pair.

The currency code for Dollars is CAD, and the currency symbol is $. Below, you’ll find Canadian Dollar rates and a currency converter. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals.

Canada is likewise affected by Trump’s tariffs on steel, aluminum, and cars. US President Donald Trump renewed his threat of a 25% tax on imports from Japan and South Korea and shared a batch of other letters to world leaders warning of levies from 1 August. Trump also imposed 25% rates on Malaysia, Kazakhstan and Tunisia, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. Other nations hit with levies included Indonesia with a 32% rate, Bangladesh with 35%, and Thailand and Cambodia with duties of 36%. Choose what works for you from a growing network of banks and cash pickup locations.

Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. See how much you can get when you convert your Canadian or foreign currency.

Additionally, it’s advisable to convert Canadian Dollars to US Dollars early in the week if you need USD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate.

The currency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. Compare our rate and fee with our competitors and see the difference for yourself. Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar.