Is USD to CAD going up or down?

As of December 29, 2025, the exchange rate for USD to CAD is 1.36846, denoting a 0.10% change. The pair is showing upward 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 1.36846, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61061, while the British pound sits around 1.84606 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.214, 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 1.36846. 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 0.10% 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 29, 2025

Canadian Dollar News - CAD softens on firmer USD, oil caps downside

The USD/CAD exchange rate is showing a firmer tone in post-Christmas trade as shifting risk sentiment reshapes near-term direction. The US dollar rate today is edging higher as markets turn more cautious amid rising Middle East tensions, with Saudi airstrikes and Iran’s war rhetoric driving safe-haven demand and supporting the greenback. This renewed USD bid has nudged the pair higher, keeping the CAD to USD rate tilted in favour of the dollar. Meanwhile, the Canadian dollar rate today is slipping modestly under the weight of a firmer USD, though downside pressure remains limited as higher crude oil prices, fuelled by concerns over potential supply disruptions in the region, continue to offer support to the loonie. With geopolitical headlines dominating and liquidity still thin, the exchange rate is likely to remain sensitive to swings in risk appetite rather than domestic data in the near term.

Today's Global Currency Highlights

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

USD: US dollar edges higher in post-Christmas trade as sentiment deteriorates, rising Middle East tensions after Saudi airstrikes, Iran’s war rhetoric heighten caution.
CAD: Canadian dollar slips modestly on a firmer USD, gains in crude oil prices amid concerns over potential Middle East supply disruptions help limit downside pressure.
EUR: Euro pulls back from pre-Christmas highs in thin Monday trading but remains firm, aided by hopes of a potential peace deal in Ukraine and ECB–Fed policy divergence.
GBP: Sterling trades slightly firmer at the start of the week, underpinned by recent remarks from BoE Governor Bailey reinforcing expectations of a gradual easing cycle.
JPY: Yen recovers part of its recent losses but remains fragile amid a modest USD rebound, with support coming from the BoJ’s hawkish Summary of Opinions.
AUD: Australian dollar corrects lower as profit-taking emerges, while increased demand for the US dollar adds to the headwinds heading into the New Year.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to the economic calendar and FX calendar, with US data taking centre stage in an otherwise light session. Markets will focus on Pending Home Sales and the Dallas Fed Manufacturing Business Index, both of which may influence near-term sentiment around the US dollar today by offering fresh insight into housing activity and regional manufacturing momentum. With no major domestic releases scheduled, price action in the Canadian dollar today is likely to be driven by external cues and broader risk sentiment, leaving CAD sensitive to any surprise in US data that could shift expectations around growth and policy direction.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a subdued and cautious tone, with the Canadian dollar rate today under mild pressure as a firmer US dollar and heightened global uncertainty weigh on sentiment. In the absence of major domestic data releases, the loonie is taking its lead from external drivers, particularly US housing and regional manufacturing indicators that are shaping broader risk appetite. While resilience in oil prices may help limit deeper losses, thin liquidity conditions suggest the Canadian dollar is more likely to drift near recent levels than establish a clear directional trend in the near term.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On December 29, 2025, the USD/CAD pair is trading at 1.36846, representing a 0.10% move in the last 24 hours.

USD/CAD highlights

USD firms on rising geopolitical risk: The US dollar edges higher in post-Christmas trade as market sentiment deteriorates, with escalating Middle East tensions following Saudi airstrikes and Iran’s war rhetoric driving a more cautious tone.
Risk aversion underpins USD demand: Heightened geopolitical uncertainty boosts safe-haven demand for the US dollar, keeping USD/CAD supported despite thin holiday liquidity.
CAD eases on firmer USD: The Canadian dollar slips modestly as a stronger US dollar weighs, limiting upside momentum in the near term.
Oil gains help cushion CAD losses: Rising crude oil prices, driven by concerns over potential Middle East supply disruptions, are helping to cap downside pressure on the loonie.

Economic news impacting USD/CAD today

US Pending Home Sales
US Dallas Fed Manufacturing Business Index

Daily trading range

USD/CAD today is fluctuating within a recent 1.3650–1.3800 range and holding near the middle of that band with a neutral bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On December 29, 2025, the EUR/CAD pair is trading at 1.61061, representing a 0.10% move in the last 24 hours.

EUR/CAD highlights

Euro eases in thin post-holiday trade: The euro pulls back from pre-Christmas highs amid subdued Monday liquidity, prompting modest consolidation in EUR/CAD after recent gains.
Ukraine peace hopes support EUR sentiment: Optimism around a potential peace deal in Ukraine continues to underpin the euro, helping stabilize CAD to EUR rate despite short-term corrective pressure.
Policy divergence keeps EUR resilient: Ongoing ECB–Fed policy divergence remains a key supportive factor for the single currency, limiting downside risk in EUR/CAD as markets head deeper into holiday-thinned trading.

Economic news impacting EUR/CAD today

Reserve Assets Total (Tuesday)

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6050–1.6200 range and holding near the middle of that band with a neutral bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On December 29, 2025, the GBP/CAD pair is trading at 1.84606, representing a 0.04% move in the last 24 hours.

GBP/CAD highlights

Sterling edges higher at week’s start: The pound trades slightly firmer in early sessions, helping GBP/CAD hold above recent support levels.
Bailey’s comments support GBP: Recent remarks from Bank of England Governor Bailey reinforcing expectations of a gradual easing cycle continue to underpin sterling, stabilizing CAD to GBP rate..
GBP holds firm into thin trade: With limited UK data ahead, sterling is likely to remain supported in the near term, keeping GBP/CAD range-bound unless broader risk sentiment shifts.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions (Wednesday)

Daily trading range

GBP/CAD is holding within a recent 1.8400–1.8600 range and holding near the lower 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 December 29, 2025, the CAD/JPY pair is trading at 114.214, representing a -0.25% move in the last 24 hours.

CAD/JPY highlights

Yen recoups some losses on BoJ support: The yen recovers part of its recent losses as the Bank of Japan’s hawkish Summary of Opinions offers support, tempering downside pressure in CAD/JPY.
USD rebound caps JPY upside: A modest rebound in the US dollar continues to weigh on the yen, limiting follow-through and keeping CAD to JPY rate biased higher.
JPY remains fragile near term: Despite policy support, lingering uncertainty leaves the yen vulnerable, with CAD/JPY likely to remain sensitive to shifts in broader USD momentum.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions (Wednesday)

Daily trading range

CAD/JPY today is fluctuating within a recent 113.50–115.50 range and holding near the lower end of that band with a modest upward 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.

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