Live US Dollar to Canadian Dollar Exchange Rate CAD Today

Compare our rate and fee with our competitors and see the difference for yourself. The exchange rate for US dollar to Canadian dollars is currently 1.402 today, reflecting a -0.348% change since yesterday. Over the past week, the value of US dollar has remained relatively stable, with a 0.379% increase compared to its value 7 days ago. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries.

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• Colborne says even though his company stands to benefit, the low dollar reflects badly on the state of the broader Canadian economy.
• Bank of Montreal’s chief economist Douglas Porter says Canadians were already feeling the pinch of higher prices for just about everything and increased borrowing costs.
• Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered.
• Check live rates, send money securely, set rate alerts, receive notifications and more.
• Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries.
• Be on the lookout for any changes; stay up-to-date.

You’ll now see the value of the converted currency according to the most recent exchange rate. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Canada has “higher borrowing costs that are hitting an over leveraged household sector. We have soft commodity prices, we have weak business investment, and we have poor productivity, right?” said Schamotta. Bank of Montreal’s chief economist Douglas Porter says Canadians were already feeling the pinch of higher prices for just about everything and increased borrowing costs. Now, he says, the cost of just about anything imported from the U.S. is rising as well.

Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. The table displays the data and analysis of the variations. A year ago today, on this day, provided the equivalent of $1.00 us dollar for $1.36 canadian dollar, which is $0.045 less than it is now.

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But when the price of oil fell in 2015, the loonie plummeted as well. what is friedberg direct “It almost automatically leads to higher gasoline prices. It can filter right into food prices because much of the food that we buy now is imported or has to compete internationally,” said Porter. And currency fluctuations are crucial for the company’s bottom line. “The market momentum is clearly against the Canadian dollar right now. And, you know, that market momentum does tend to build ahead of the inauguration date when new presidents take their office,” said Schamotta.

Ontario Premier Doug Ford said on X that a 25 per cent tariff would be “devastating to workers and jobs” in both Canada and the U.S. One former Canadian cabinet minister reacted to the news by recalling what it was like dealing with Trump in his first term. This all unfolded, coincidentally, as Canadian cabinet ministers were meeting to discuss U.S. relations, said a federal source. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump wrote on his social media platform Truth Social.

Popular USD Conversions

So they’ll get excited when the dollar is high and disappointed when the dollar is opencv introduction low. Schamotta says over the past couple of years the U.S. economy has expanded while economic growth has flatlined in Canada, giving currency traders a clear contrast. “We are one of the most interest rate sensitive economies in the world. We’ve been hit hard by the rise in inflation and interest rates in particular,” said Porter. As the price of oil remained stubbornly high between 2010 and 2014, Canada’s currency traded between $1.05 and $0.95 US.

US Dollar to South African Rand Rates by Year

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. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. Leading competitors have a dirty little secret. They add hidden markups to their exchange rates – charging you more without the pivot point your knowledge.

In the majority of cases, this data is sufficient to predict future changes. To view rates between the US Dollar and the Canadian Dollar for a particular year, click on one of the links below.

To view rates between the US Dollar and the South African Rand for a particular year, click on one of the links below. To view rates between the US Dollar and the Philippine Peso for a particular year, click on one of the links below. Need to know when a currency hits a specific rate?