Is USD to CAD going up or down?

As of December 12, 2025, the exchange rate for USD to CAD is 1.37616, denoting a -0.05% change. The pair is showing downward trend based on recent market activity and economic data.

What is the Canadian dollar worth today?

The value of the Canadian dollar today depends on how it’s performing against major global currencies. Based on the latest market levels, the USD/CAD pair is trading around 1.37616, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61316, while the British pound sits around 1.83962 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.342, offering a snapshot of CAD strength in Asian markets.

What is the prediction of the Canadian dollar against the US dollar?

The USD/CAD exchange rate has moved, influenced by shifting interest rate expectations, economic data, and global market sentiment. You can track current and historical trends on the MTFX live rates and FX forecast pages.

Is now a good time to buy Canadian dollars?

The current USD to CAD exchange rate is 1.37616. If that's not your desired rate and you're looking to buy CAD, consider setting a USD/CAD currency rate alert through MTFX so you can receive notifications when the pair reaches your target rate.

What is the forecast for CAD to USD in 2025?

The CAD to USD exchange rate has shown a -0.05% daily change, reflecting ongoing movements in interest rates, economic data, and market sentiment. While forecasts vary, you can view the latest projections and trend analysis on the MTFX CAD forecast page.

Is the Canadian dollar worth more than the American dollar?

No, the Canadian dollar is not worth more than the American dollar. In most market conditions, 1 USD buys more than 1 CAD, meaning the US dollar holds the higher value. The USD/CAD exchange rate shows this difference day to day.

How is the CAD performing today?

Today, the Canadian dollar is demonstrating remarkable resilience, buoyed by robust economic indicators and favourable global market sentiments. As it nudges against major currencies, it presents an opportunity for those closely monitoring its movements. The currency's value reflects strengthened domestic economic growth and greater optimism about trade volumes. This resilience demonstrates Canada’s adaptability in volatile markets. Strategists are confident, recognizing the CAD's underlying momentum, sustained by healthy commodity prices and steadfast monetary policies. Consequently, the loonie is maintaining its strength internationally. Investors are witnessing positive trends and are keen on leveraging the Canadian dollar’s performance. The country’s fiscal policies remain supportive, boosting global economic confidence. Furthermore, the CAD's current trajectory suggests an expanded scope for future gains, allowing an optimistic outlook for stakeholders. Anticipated policy shifts in global markets may also favour the Canadian currency's position. In sum, today’s progress in CAD speaks volumes of its enduring competitiveness. Market players continue to watch the loonie’s path with an eye on long-term opportunities

Can I exchange USD for CAD?

Certainly, exchanging USD for CAD is a straightforward process managed effortlessly in Canada through various financial channels. Firstly, currency conversion is facilitated by banks, which remain one of the most reliable avenues for exchanging your USD for CAD. These institutions not only provide convenience but also offer competitive rates backed by comprehensive financial services. Additionally, major banks have branches and ATMs widely distributed across the country, enhancing your access to seamless currency exchange transactions. Furthermore, alternative financial services such as currency exchange booths and online platforms can often provide appealing rates or lower transaction fees compared to traditional bank setups. These facilities are especially beneficial when time is of the essence or when a more favourable exchange rate is sought after. Using these platforms provides a quick and efficient means to convert currencies with user-friendly interfaces and secure transaction protocols. Finally, whether exchanging money for travel, business, or investment, it is advisable to stay updated on current exchange rates, as this knowledge empowers consumers to make informed financial decisions. Embracing digital resources or visiting financial institutions directly can provide you with the latest insights and an optimal exchange experience.

What is the CAD exchange rate?

The Canadian dollar, an essential pillar of the nation's economic architecture, fluctuates in value against other major currencies based on myriad dynamic factors. These factors include commodity prices, global economic trends, and fiscal policies, each of which plays a critical role in shaping exchange rates. Focusing on commodities, Canada’s abundant natural resources, particularly oil, significantly influence the dollar's value. Changes in oil prices often trigger corresponding shifts in the currency's worth. Globally, the Canadian economy's interaction with significant currencies like the US dollar and the Euro further bolsters its performance. These interactions can pivot on trade balances, investment trends, and central bank actions. Domestically, the Bank of Canada’s policies are pivotal. Interest rate adjustments, policy announcements, and economic outlooks projected by the Bank significantly influence investor confidence and currency valuation. In light of such complexities, the exchange rate can be seen as a live barometer of the underlying economic health and future expectations surrounding Canada's economic position. Currency traders, investors, and policymakers all maintain a keen interest in the loonie’s movements given their broad implications. Ultimately, understanding these intricate relations equips businesses with strategies to mitigate risk while capitalizing on opportunities that exchange rate movements present. The currency's resilience is a testament to its ability to anchor Canada’s economic aspirations firmly on the global stage.

Can I use CAD for online purchases?

Leveraging the power of your Canadian dollars for online purchases offers a straightforward, seamless experience, as most Canadian online retailers readily accept CAD. This ease of transaction simplifies online shopping, ensuring that your financial dealings remain within familiar and advantageous parameters. For international transactions, however, it's important to recognize the potential for currency conversion. Many global platforms cater to Canadian consumers by offering CAD as an accepted currency, but it is crucial to verify this option during checkout. Utilizing CAD for online purchases can also provide a strategic advantage in managing currency risk, particularly when exchange rates are unfavourable or volatile. This stability allows consumers and businesses alike to optimize their financial strategies, avoiding unnecessary fees and fostering economic efficiency. The digital economy's spirited momentum means numerous platforms now offer multi-currency capabilities, expanding buying power and access worldwide. For businesses, this means expanding their horizons beyond commerce; for consumers, it means enjoying the burgeoning variety of products and services without currency barriers. In this evolving landscape, Canadian consumers are empowered to navigate and seize opportunities in the vast expanse of global online commerce, enhancing both their purchasing experiences and economic participation.

What affects the value of the Canadian dollar?

The value of the Canadian dollar reflects both domestic and international economic realities. Its fluctuations are guided by a tapestry of factors, from the vibrant pulse of global commodity markets to the nuanced shifts in monetary policy. Taking centre stage, the Canadian economy's heavy reliance on natural resources, notably oil, means that fluctuations in these market prices can have a dramatic impact on the dollar. When oil prices soar, the loonie tends to strengthen as Canada enjoys a surge in export revenues and an enhanced international economic standing. Moreover, economic policies crafted by the Bank of Canada significantly sway the dollar's trajectory. Changes in interest rates, for example, can alter investor behaviour, affecting capital inflows and outflows and thereby influencing currency value. The anticipation of policy directions often stirs market sentiment, reverberating across global forex markets. Additionally, global economic conditions extend their influence across borders. From economic growth rates in trading partner countries to geopolitical events that shake investor confidence, external trends cast a profound influence over the loonie’s valuation. Understanding these shifting dynamics enables stakeholders to navigate the currents of the international financial landscape effectively, ensuring the Canadian dollar remains resilient and competitive on the world stage.

Currency Updates

Forecast and Trends: Canadian Dollar Today

Understand global finance dynamics by tracking key players, like the euro, pound, and the Canadian dollar today, including monitoring the USD to CAD exchange rate, as they respond to the daily exchange rates, economic shifts, market sentiment, and international trade flows using a currency converter.

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Written by Ash Abbasi

December 12, 2025

Canadian Dollar News - Loonie leads as policy divergence favours Canada

The US dollar rate today is softening toward three-month lows as the greenback remains stuck in a bearish consolidation phase, with markets turning to upcoming Fedspeak for clearer guidance on the policy outlook. In contrast, the Canadian dollar rate today is building on its recent lead, supported by a widening Fed–BoC policy divergence that continues to favour the loonie. However, softer oil prices are capping further gains as investors look ahead to domestic housing data for confirmation of underlying demand. As a result, CAD to USD movements remain measured, leaving the exchange rate largely range-bound unless fresh signals emerge from central bank commentary or Canadian economic releases.

Today's Global Currency Highlights

A quick view of the CAD today against the USD and other major currencies.

USD: USD tumbles to the lowest level since October after the Fed delivers its third rate cut of 2025, positive mood adds pressure ahead of jobless claims.
CAD: Canadian dollar climbs to near two-month highs on diverging BoC–Fed, rebound in oil prices helps steady sentiment ahead of upcoming trade figures.
EUR: Euro extends its recovery, supported by persistent USD weakness and improved risk appetite as markets continue to digest the Fed’s dovish-leaning tone.
GBP: Sterling holds firm in early trade, benefits from a softer greenback and tempered expectations for additional BoE rate cuts in the year ahead.
JPY: Yen fails to build on modest intraday gains despite USD softness, contrasting BoJ–Fed policy outlooks help contain further downside for now.
AUD: Australian dollar corrects lower after weaker-than-expected employment data, but losses remain capped as hawkish RBA continues to lend support.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to a busy economic calendar featuring Canada’s Building Permits and Wholesale Sales data alongside the US Baker Hughes Oil Rig Count. These releases sit high on the FX calendar, offering fresh insight into domestic demand and activity in the energy sector. The Canadian dollar today will be watching whether strength in construction and wholesale trade can reinforce recent momentum, while the US dollar today may react to shifts in oil market sentiment that influence inflation and growth expectations.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited near-term momentum, with the Canadian dollar rate today tracking closely alongside domestic indicators such as building permits and wholesale sales. While these releases will offer clues on underlying economic resilience, softer oil dynamics and lingering USD sensitivity are keeping positioning cautious. Unless Canadian data delivers a clear upside surprise, the loonie is likely to remain range-bound as markets balance local fundamentals against external risk sentiment.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 12, 2025, the USD/CAD pair trades at 1.37616, representing a -0.05% move in the last 24 hours.

USD/CAD highlights

USD sinks to multi-month lows post-Fed cut: The US dollar tumbles to its weakest level since October after the Fed delivers its third rate cut of 2025, keeping USD/CAD under sustained downward pressure.
Jobless claims to dictate next USD move: A positive market mood adds further strain on the greenback, with traders watching jobless claims closely to see whether softness in CAD to USD rate will deepen.
CAD climbs toward two-month highs on policy divergence: The Canadian dollar extends its advance as diverging BoC–Fed trajectories favour the loonie, pushing USD/CAD lower in early trade.
Oil rebound boosts CAD sentiment: A recovery in oil prices helps steady market tone, supporting CAD to USD momentum ahead of Canada’s upcoming trade figures, which could further strengthen CAD positioning.

Economic news impacting USD/CAD today

US Initial Jobless Claims
Canada Trade Balance
Canada Imports + Exports

Daily trading range

USD/CAD today is holding within a 1.3750–1.3835 range as the pair stabilizes mid-band amid continued USD softness.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 12, 2025, the EUR/CAD pair trades at 1.61316, representing a -0.21% move in the last 24 hours.

EUR/CAD highlights

Euro builds on recovery as USD softens: The euro extends its rebound, supported by persistent USD weakness, keeping EUR/CAD biased higher as markets adjust to the Fed’s dovish tone.
Improved risk appetite underpins euro sentiment: A firmer global risk backdrop boosts demand for the single currency, moderating volatility in CAD to EUR rate as traders lean cautiously toward EUR strength.
Fed-driven repricing supports EUR stability: With markets still digesting the Fed’s dovish shift, the euro maintains a steady footing, leaving EUR/CAD sensitive to incoming Eurozone data and broader cross-asset sentiment.

Economic news impacting EUR/CAD today

ECOFIN Meetings (Friday)

Daily trading range

EUR/CAD today is holding within a 1.6115–1.6195 range as the pair drifts toward the upper band on sustained euro support.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 12, 2025, the GBP/CAD pair trades at 1.83962, representing a -0.25% move in the last 24 hours.

GBP/CAD highlights

Sterling steadies on softer USD: The pound holds firm in early trade as broad USD weakness lends support, keeping GBP/CAD anchored near recent highs.
Reduced BoE cut expectations lift GBP tone: Tempered expectations for additional BoE rate cuts underpin demand, helping stabilise CAD to GBP flows as traders reassess UK rate paths for the year ahead.
GBP momentum improves with risk appetite: An improved global risk tone further benefits the pound, leaving GBP/CAD sensitive to incoming UK data and shifts in broader market sentiment.

Economic news impacting GBP/CAD today

GDP (Friday)
Trade Balance (Friday)

Daily trading range

GBP/CAD today is holding within a 1.8420–1.8505 range as the pair nudges toward the upper band on steady sterling support.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 12, 2025, the CAD/JPY pair trades at 113.342, representing a 0.42% move in the last 24 hours.

CAD/JPY highlights

Yen struggles to extend intraday gains: The yen fails to build on modest early strength despite broader USD softness, keeping JPY/CAD biased higher as momentum remains limited.
Policy divergence tempers yen downside: Contrasting BoJ–Fed policy outlooks help contain further weakness for now, shaping CAD to JPY movements as traders assess how long Japan’s cautious stance may persist.
JPY direction remains fragile: With sentiment still tilted against the yen, JPY/CAD stays sensitive to shifts in risk appetite and upcoming BoJ guidance, limiting prospects for sustained JPY recovery.

Economic news impacting CAD/JPY today

Industrial Production

Daily trading range

CAD/JPY today is holding within a 112.30–113.15 range as the pair stays mid-band amid ongoing yen softness.

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Written by

Ash Abbasi

Director of Sales

Ash Abbasi is the Director of Sales at MTFX, specializing in corporate FX and cross-border payment solutions for Canadian businesses. With a background in sales leadership and account management across global markets, he helps clients optimize international transactions and manage currency risk. Ash holds a degree from Aston Business School and a postgraduate diploma from Humber College.

Useful links

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USD Monthly Forecast Report

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