Is USD to CAD going up or down?

As of February 24, 2026, the exchange rate for USD to CAD is 1.37056, denoting a 0.07% 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 1.37056, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.6153, while the British pound sits around 1.85235 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.608, 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 1.37056. 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 0.07% 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

February 24, 2026

Canadian Dollar News - Canadian dollar steady as oil offers support

USD/CAD trades in a narrow band as the US dollar rate today holds firm, buoyed by renewed demand after fresh threats of steeper global tariffs from the US President. Heightened trade tensions have underpinned safe-haven flows into the greenback, keeping the exchange rate tilted toward USD resilience as markets turn their focus to the upcoming Trump speech for further policy signals. Any escalation in rhetoric could reinforce recent gains and influence near-term CAD to USD positioning. Meanwhile, the Canadian dollar rate today is moving sideways, finding partial support from rising crude prices but lacking a decisive catalyst. Attention now shifts to Canada’s upcoming Q4 GDP release, which is expected to shape the loonie’s next move. Unless domestic growth surprises meaningfully to the upside, the exchange rate may continue to consolidate rather than break into a sustained trend.

Today's Global Currency Highlights

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

USD: US dollar holds firm as fresh threats of steeper global tariffs from the US President boost greenback demand, focus shifts to Trump speech.
CAD:Loonie moves sideways as rising crude prices offer support, with upcoming Q4 GDP data expected to shape near-term outlook.
EUR: Euro remains under pressure as renewed trade uncertainty dampens sentiment, with uneven Eurozone data keeping gains firmly in check.
GBP: Sterling steadies despite mounting BoE rate cut bets, sticky inflation and firmer growth temper downside risks.
JPY: Japanese yen slips as fresh US tariff uncertainty rattles markets and keeps the yen on the back foot, with investors avoiding JPY exposure amid renewed trade-linked volatility.
AUD: AUD/CAD advances as hawkish RBA tone underpins Australian dollar, focus turns to upcoming CPI for policy direction.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX update, markets are closely aligned with the economic calendar as both Canadian and US releases line up to steer near-term direction. The FX calendar features CAD Manufacturing Sales, which could influence the Canadian dollar today if factory activity shows renewed strength or unexpected weakness. On the US side, the House Price Index and CB Consumer Confidence will be closely monitored for insight into economic momentum, shaping sentiment around the US dollar today. Markets will also focus on remarks from U.S. President Trump, as any trade or tariff-related comments could trigger volatility. With multiple catalysts on the docket, daily FX flows may remain reactive, keeping traders alert to headline-driven swings.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news suggests a steady but watchful tone, with the Canadian dollar rate today holding within a narrow range as markets digest fresh domestic and US developments. CAD Manufacturing Sales will be key in gauging momentum in Canada’s industrial sector, with any upside surprise potentially offering short-term support to the loonie. However, broader direction may still hinge on US data and political headlines, including consumer confidence figures and remarks from President Trump, which could sway overall risk sentiment. Unless domestic data meaningfully outperforms expectations, the Canadian dollar rate today is likely to remain reactive to external drivers rather than establish a clear directional trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 24, 2026, the USD/CAD pair is trading at 1.37056, representing a 0.07% move in the last 24 hours.

USD/CAD highlights

USD supported by tariff threats: The US dollar holds firm as fresh threats of steeper global tariffs from the US President lift safe-haven demand, keeping USD/CAD underpinned.
Trump speech in focus for direction:Markets await further clarity from the upcoming speech, with any escalation in trade rhetoric likely to influence CAD to USD positioning.
CAD steadies on firmer crude prices:The loonie moves sideways, finding partial support from rising oil prices that help cushion downside pressure.
Q4 GDP to guide next CAD move:Canada’s upcoming growth data will be pivotal, determining whether USD/CAD extends higher or if CAD to USD stabilizes on stronger domestic momentum.

Economic news impacting USD/CAD today

CAD Manufacturing Sales
US House Price Index
US President Trump Speech

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3650–1.3750 range and holding near the mid-to-upper end of that band with a slightly firmer bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 24, 2026, the EUR/CAD pair is trading at 1.6153, representing a 0.09% move in the last 24 hours.

EUR/CAD highlights

Euro pressured by renewed trade uncertainty:The euro remains on the defensive as fresh trade tensions weigh on broader market sentiment, limiting upside in EUR/CAD.
Uneven eurozone data caps recovery attempts: Mixed economic readings across the bloc keep conviction subdued, tempering momentum in CAD to EUR flows.
EUR/CAD bias remains cautious:With sentiment fragile and data inconsistent, EUR/CAD is likely to stay range-bound unless external drivers shift the broader risk tone.

Economic news impacting EUR/CAD today

ECB President Lagarde Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6050–1.6200 range and holding near the upper end of that band with a mildly constructive bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On February 24, 2026, the GBP/CAD pair is trading at 1.85235, representing a 0.30% move in the last 24 hours.

GBP/CAD highlights

Sterling steadies despite easing bets:The pound stabilizes even as expectations for Bank of England rate cuts build, helping GBP/CAD avoid deeper losses.
Sticky inflation offers support:Persistent price pressures and firmer growth data temper downside risks, lending stability to CAD to GBP flows.
GBP/CAD holds cautious tone:While policy easing expectations limit aggressive upside, underlying resilience keeps GBP/CAD biased toward consolidation rather than renewed weakness.

Economic news impacting GBP/CAD today

BoE Gov Bailey Speech

Daily trading range

GBP/CAD is fluctuating within a recent 1.8400–1.8600 range and holding near the upper end of that band with a modestly constructive bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On February 24, 2026, the CAD/JPY pair is trading at 113.608, representing a 0.67% move in the last 24 hours.

CAD/JPY highlights

Yen slips amid tariff-driven volatility:The Japanese yen weakens as renewed US tariff uncertainty unsettles markets, weighing on JPY sentiment.
Trade tensions curb haven appeal:Despite broader volatility, investors appear cautious about adding JPY exposure, limiting defensive inflows.
CAD/JPY edges higher on relative strength: With the yen on the back foot, CAD/JPY remains supported unless risk aversion deepens materially.

Economic news impacting CAD/JPY today

Corporate Services Price Index

Daily trading range

CAD/JPY today is fluctuating within a recent 112.80–114.50 range and holding near the upper end of that band with a modestly constructive 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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