Is USD to CAD going up or down?

As of January 12, 2026, the exchange rate for USD to CAD is 1.38755, denoting a -0.25% 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 1.38755, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61861, while the British pound sits around 1.86848 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.871, 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 1.38755. 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 -0.25% 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.

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Forecast and Trends: Canadian Dollar Today

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Written by Ash Abbasi

January 12, 2026

Canadian Dollar News - CAD stabilizes as political risks weigh on USD

The US dollar rate today has climbed down from its recent peaks amid renewed concerns over Federal Reserve independence, with markets unsettled by the risk of potential criminal charges facing Chair Powell. This has eased near-term CAD to USD pressure. Meanwhile, the Canadian dollar rate today is staging a modest rebound on the back of broad USD weakness, though gains remain capped by falling oil prices and fading expectations of a more hawkish Bank of Canada stance. With these opposing forces in play, the exchange rate is likely to remain range-bound in the near term unless either political risks in the US intensify or energy prices stabilise to offer clearer direction for the loonie.

Today's Global Currency Highlights

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

USD: US dollar opens the week on a softer footing, gives back part of its recent gains on Fed independence concerns as Powell faces the risk of criminal charges.
CAD: Canadian dollar stages a modest rebound on broad USD weakness, though falling oil prices and reduced expectations of a more hawkish BoC stance limit upside.
EUR: Euro starts the week firmly after improved EU sentiment data lifts investor confidence, while fading confidence in the USD provides additional support.
GBP: Sterling outperforms its peers, moves toward multi-week highs as markets look ahead to UK employment and US CPI data due Tuesday for fresh direction.
JPY: Yen rebounds from one-year lows as geopolitical risks spur safe-haven demand, reports of Takaichi calling for an early election and BoJ uncertainty cap gains.
AUD: Australian dollar remains anchored near recent highs, underpinned by a hawkish RBA tone, though cautious market sentiment may limit further advances.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, the economic calendar is light, leaving markets to focus on scheduled remarks from Federal Reserve officials, including Bostic, Barkin, and Williams. With no major data releases due, traders will be listening closely for any signals on policy timing and inflation risks that could influence sentiment around the US dollar today. In the absence of fresh domestic catalysts, moves in the Canadian dollar today are likely to be driven by shifts in USD tone and broader risk sentiment, keeping price action subdued unless Fed commentary delivers a clear surprise.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news suggests a cautious and externally driven outlook, with the Canadian dollar rate today struggling to gain traction in the absence of major domestic catalysts. With markets focused on speeches from Federal Reserve officials, the loonie is taking its cues largely from shifts in USD sentiment and broader risk appetite. Until clearer signals emerge from US policymakers or global conditions improve, the Canadian dollar is likely to trade defensively near recent levels rather than establish a sustained rebound.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On January 12, 2026, the USD/CAD pair is trading at 1.38755, representing a -0.25% move in the last 24 hours.

USD/CAD highlights

USD softens on Fed independence concerns: The US dollar opens the week on a weaker footing, giving back part of its recent gains as renewed concerns over Federal Reserve independence weigh on sentiment.
Political risk clouds USD outlook: Reports around potential criminal charges facing Chair Powell are unsettling markets, adding uncertainty to the USD and capping near-term upside.
CAD rebounds on broad USD weakness: The Canadian dollar stages a modest recovery as widespread US dollar softness provides near-term support for the loonie.
Oil prices and BoC expectations limit CAD gains: Falling crude prices and reduced expectations of a more hawkish Bank of Canada stance are capping the extent of the rebound, keeping CAD gains contained.

Economic news impacting USD/CAD today

US Fed Bostic's Speech
US Fed Barkin's Speech
US Fed Williams' Speech

Daily trading range

USD/CAD today is fluctuating within a recent 1.3800–1.3950 range and holding near the upper end of that band with a modest upward bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On January 12, 2026, the EUR/CAD pair is trading at 1.61861, representing a 0.01% move in the last 24 hours.

EUR/CAD highlights

Euro opens week on firmer footing: TThe euro starts the week supported by improved EU sentiment data, which has helped lift investor confidence and underpin gains in EUR/CAD.
USD softness adds to EUR support: Fading confidence in the US dollar is providing an additional tailwind for the single currency, reinforcing upside momentum in CAD to EUR rate.
Positive bias holds near term: With sentiment indicators improving and USD pressure lingering, the euro is likely to remain supported in the near term, leaving EUR/CAD sensitive to shifts in broader risk appetite.

Economic news impacting EUR/CAD today

ECB DeGuindo's Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the upper end of that band with a modest upward bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On January 12, 2026, the GBP/CAD pair is trading at 1.86848, representing a 0.21% move in the last 24 hours.

GBP/CAD highlights

Sterling outperforms major peers: The pound strengthens and moves toward multi-week highs, outperforming peers as positioning improves and momentum lifts GBP/CAD.
Key data awaited for GBP direction: Markets are looking ahead to upcoming UK employment figures and US CPI data for clearer signals, which could shape near-term CAD to GBP rate.
Positive bias holds near term: With sentiment constructive but data risk ahead, sterling is likely to remain supported in the near term, leaving GBP/CAD sensitive to labour and inflation outcomes.

Economic news impacting GBP/CAD today

BRC Retail Sales Monitor

Daily trading range

GBP/CAD is fluctuating within a recent 1.8550–1.8800 range and holding near the upper end of that band with a modest upward bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On January 12, 2026, the CAD/JPY pair is trading at 113.871, representing a 0.36% move in the last 24 hours.

CAD/JPY highlights

Yen rebounds on safe-haven demand: The yen bounces back from one-year lows as heightened geopolitical risks spur safe-haven flows, putting mild downside pressure on CAD/JPY.
Political headlines and BoJ uncertainty cap gains: Reports of Takaichi calling for an early election, alongside lingering uncertainty over the BoJ policy path, are keeping CAD to JPY moves contained.
JPY recovery remains fragile: WWhile risk-off sentiment is offering near-term support, unresolved political and policy questions suggest the yen’s rebound may struggle to extend, leaving CAD/JPY sensitive to shifts in risk appetite.

Economic news impacting CAD/JPY today

Current Account

Daily trading range

CAD/JPY today is fluctuating within a recent 113.00–115.00 range and holding near the middle of that band with a neutral bias.

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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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CAD 5 Bank Forecast

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