Is USD to CAD going up or down?

As of January 9, 2026, the exchange rate for USD to CAD is 1.39002, denoting a 0.32% 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 1.39002, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61673, while the British pound sits around 1.86301 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.683, 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 1.39002. 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 0.32% 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.

Get currency alerts delivered straight to your inbox.

Set an alert

Written by Ash Abbasi

January 9, 2026

Canadian Dollar News - Loonie weakens on energy market headwinds

The US dollar rate today is holding steady against major peers within its weekly range, with investors awaiting upcoming employment data to recalibrate expectations around the Federal Reserve’s policy path. This backdrop is keeping the near-term CAD to USD rate supported by the greenback rather than decisively directional. Meanwhile, the Canadian dollar rate today remains under pressure as oil prices slip, following reports of major energy firms competing for US deals to export Venezuelan crude, which has weighed on sentiment toward the loonie. With Canadian labour market data now in focus, the exchange rate is likely to stay sensitive to employment outcomes and energy market developments rather than breaking into a clear trend 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 holds a firm tone against major peers within the weekly range, markets await key employment data to recalibrate expectations for the Fed’s policy path.
CAD: Canadian dollar remains under pressure as oil prices slip after major energy firms compete for US deals to export Venezuelan crude, labour market data in focus.
EUR: Euro struggles to benefit from stronger EU retail sales as a firm USD and anticipation of a Supreme Court ruling on Trump-era tariffs continue to weigh.
GBP: Sterling extends its decline for a fourth consecutive session amid a stable USD, investors turn to upcoming jobs data for clearer signals on the BoE’s outlook.
JPY: Yen weakens broadly, nears 12-month lows despite upbeat consumption and growth data, as geopolitical tensions with China and BoJ uncertainty weigh on sentiment.
AUD: Aussie continues to correct lower under persistent USD strength, while easing expectations for a dovish RBA after softer CPI provide some underlying 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 packed economic calendar, with labour and housing data set to drive market direction. Investors will be closely watching US Nonfarm Payrolls, the Unemployment Rate, Housing Starts, Building Permits, and Michigan Consumer Sentiment for signals on economic momentum and policy expectations, shaping sentiment around the US dollar today. In Canada, Employment Change and the Unemployment Rate will be key for assessing labour market resilience, with a strong report likely to support the Canadian dollar today, while any signs of cooling could leave the loonie vulnerable to USD-driven moves amid heightened volatility.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautious and event-driven outlook, with the Canadian dollar rate today lacking clear momentum as markets brace for a heavy slate of labour and sentiment data. Canada’s employment figures and unemployment rate will be pivotal in determining whether the loonie can regain traction, while strong US jobs and confidence data could reinforce USD strength and weigh on CAD. With volatility likely elevated around these releases, the Canadian dollar is expected to trade defensively unless domestic labour data delivers a clear upside surprise.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On January 9, 2026, the USD/CAD pair is trading at 1.39002, representing a 0.32% move in the last 24 hours.

USD/CAD highlights

USD holds firm ahead of jobs data: The US dollar maintains a steady tone against major peers within its weekly range as markets adopt a cautious stance.
Employment data key for USD direction: Attention is firmly on upcoming US labour market releases, which are expected to recalibrate expectations around the Fed’s policy path and set the next directional cue.
CAD remains under pressure from oil weakness: The Canadian dollar stays on the defensive as crude prices slip, following reports that major energy firms are competing for US deals to export Venezuelan oil.
Labour data crucial for CAD outlook: With energy markets weighing on sentiment, upcoming Canadian labour market data will be key in determining whether the loonie can stabilise or extend recent losses.

Economic news impacting USD/CAD today

US Housing Starts + Building Permits
US Nonfarm Payrolls + Unemployment Rate
US Michigan Consumer Sentiment
Canada Employment Change + Unemployment Rate

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.

Looking for the best USD/CAD exchange rate?

Convert CAD to USD

EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On January 9, 2026, the EUR/CAD pair is trading at 1.61673, representing a 0.04% move in the last 24 hours.

EUR/CAD highlights

Euro fails to gain traction despite retail strength: The euro struggles to benefit from stronger EU retail sales, with a firmer US dollar continuing to weigh on sentiment and cap upside in EUR/CAD.
Tariff ruling uncertainty pressures EUR: Anticipation around a Supreme Court ruling on Trump-era tariffs is adding an additional layer of caution, tempering CAD to EUR rate despite supportive domestic data.
Range-bound bias persists for EUR: With positive eurozone data offset by external headwinds, the euro is likely to remain range-bound in the near term, leaving EUR/CAD sensitive to USD momentum and geopolitical developments.

Economic news impacting EUR/CAD today

ECB Lane's Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6050–1.6250 range and holding near the middle of that band with a neutral bias.

Save more on the EUR/CAD exchange rate.

Convert CAD to EUR

GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On January 9, 2026, the GBP/CAD pair is trading at 1.86301, representing a 0.03% move in the last 24 hours.

GBP/CAD highlights

Sterling extends losing streak: The pound declines for a fourth straight session as a stable US dollar continues to weigh on sentiment, keeping GBP/CAD under mild pressure.
Jobs data key for BoE outlook: Investors are turning to upcoming UK labour market data for clearer signals on the Bank of England’s policy path, which could influence near-term CAD to GBP rate.
Cautious bias persists for GBP: With policy clarity still lacking, sterling is likely to remain on the defensive in the near term, leaving GBP/CAD sensitive to labour data outcomes rather than broader risk sentiment alone.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions

Daily trading range

GBP/CAD is fluctuating within a recent 1.8500–1.8800 range and holding near the upper end of that band with a modest upward bias.

Don't overpay on CAD to GBP exchange rate.

Convert CAD to GBP

CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On January 9, 2026, the CAD/JPY pair is trading at 113.683, representing a 0.52% move in the last 24 hours.

CAD/JPY highlights

Yen weakens toward multi-month lows: The yen softens broadly, drifting toward 12-month lows despite stronger consumption and growth data, keeping CAD/JPY supported.
Geopolitical risks and BoJ uncertainty weigh: Rising tensions with China and lingering uncertainty over the BoJ's policy outlook continue to undermine confidence in the yen, skewing CAD to JPY rate higher.
Downside bias persists for JPY: With positive domestic data overshadowed by external risks and policy ambiguity, the yen is likely to remain under pressure in the near term, leaving CAD/JPY sensitive to shifts in risk sentiment.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is fluctuating within a recent 113.00–115.00 range and holding near the lower end of that band with a modest upward bias.

Get bank-beating CAD to JPY exchange rates.

Convert CAD to JPY

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

FX Weekly Market Updates

CAD Monthly Currency Forecast

USD Monthly Forecast Report

CAD 5 Bank Forecast

Read our latest blogs

A panoramic view of Puerto Vallarta's coastline, featuring sandy beaches, the Pacific Ocean, and the city's vibrant buildings nestled between lush green hills.

Retire Overseas Mexico

Top 10 Places for Canadians Retiring in Mexico

FAQs - FX Daily