Is USD to CAD going up or down?

As of December 10, 2025, the exchange rate for USD to CAD is 1.38425, denoting a -0.02% 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 1.38425, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.6109, while the British pound sits around 1.84302 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.201, 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 1.38425. 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 -0.02% 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 10, 2025

Canadian Dollar News - Loonie firm ahead of expected BoC hold

The US dollar rate today is trading quietly as markets brace for an expected Fed rate cut, with growing internal dissent placing added weight on Powell’s remarks and the updated Summary of Projections to guide USD direction. The Canadian dollar rate today continues to hold its weekly gains as the countdown to the BoC–Fed decisions begins, with the BoC widely anticipated to keep its policy rate unchanged at 2.25%. With both central banks poised for impactful announcements, CAD to USD movements remain tightly contained as traders await clearer policy cues. Until a decisive catalyst emerges, the exchange rate is likely to stay range-bound, reflecting cautious positioning across global FX markets.

Today's Global Currency Highlights

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

USD: US dollar trades quietly as markets brace for a Fed rate cut, even as internal dissent grows, Powell’s remarks and Summary of Projections key for USD direction.
CAD: Canadian dollar holds its weekly gains as the countdown to the BoC–Fed decisions begins, with the BoC widely expected to keep its policy rate unchanged at 2.25%.
EUR: Euro struggles to retain intraday strength, remains confined to its established range as traders adjust positions ahead of the Fed’s monetary policy announcement.
GBP: Sterling edges higher but shows little conviction after BoE’s Lombardelli signals support for a slower pace of rate cuts, citing lingering inflation risks.
JPY: Yen stays anchored near multi-month lows after a sharper-than-expected Q3 economic contraction, rising fiscal concerns dampen bets for BoJ tightening.
AUD: Australian dollar consolidates near multi-week highs as traders await the pivotal Fed decision, while the RBA’s hawkish undertone provides underlying support.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets turn their attention to key releases on the FX calendar, including the US ADP Employment Change and JOLTS Job Openings, both crucial indicators for gauging labour-market momentum ahead of the Fed decision. A strong showing may bolster the US dollar today, while softer numbers could reinforce expectations of easing. For Canada, the focus remains on broader sentiment spillovers, with the Canadian dollar today tracking shifts in risk appetite as traders digest the latest developments on the economic calendar.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news reflects a market in wait-and-see mode as traders track the implications of US ADP employment and JOLTS job openings ahead of the Fed decision. With the Canadian dollar rate today stabilizing after an overnight pullback, the loonie’s trajectory now hinges on whether renewed USD softness persists and how the Bank of Canada signals its near-term stance. Unless stronger domestic catalysts emerge, CAD is likely to remain range-bound as investors digest labour signals from the US and policy expectations at home.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 10, 2025, the USD/CAD pair trades at 1.38425, representing a -0.02% move in the last 24 hours.

USD/CAD highlights

USD rebound loses steam ahead of key labour data: The US dollar’s early recovery fades as traders await ADP employment and JOLTS job openings for clearer insight into labour-market momentum, keeping USD/CAD capped in early trade.
Labour signals to shape USD path: With markets focused on whether hiring conditions are slowing or stabilizing, today’s releases could determine if the current softness in CAD to USD flows extends or if the greenback regains footing.
CAD steadies as USD softness returns: The Canadian dollar stabilizes after an overnight dip, supported by renewed pressure on the USD. This shift helps keep USD/CAD trading within a narrow range ahead of central bank guidance.
BoC stance keeps CAD supported: With the Bank of Canada expected to leave policy unchanged tomorrow, the loonie holds firm as traders reassess CAD to USD positioning, waiting for a clearer catalyst before committing to directional moves.

Economic news impacting USD/CAD today

US ADP Employment Change Weekly
US JOLTs Job Openings

Daily trading range

USD/CAD today is holding within a 1.3800–1.3880 range as the pair leans toward the upper boundary with a mild upside bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 10, 2025, the EUR/CAD pair trades at 1.6109, representing a 0.09% move in the last 24 hours.

EUR/CAD highlights

Euro holds steady in tight range: The euro edges higher but remains confined to familiar territory as traders avoid major moves ahead of back-to-back policy decisions from the Fed and the BoC, keeping EUR/CAD direction muted.
Cautious positioning limits euro upside: With markets reluctant to take fresh exposure before key central bank signals, momentum in CAD to EUR rate stays subdued, reflecting broader wait-and-see sentiment.
Euro sensitivity rises ahead of policy signals: Investors brace for potential volatility as dual decisions approach, with any divergence between the Fed and BoC likely to dictate the next leg for EUR/CAD.

Economic news impacting EUR/CAD today

ECB President Lagarde's Speech (Wednesday)

Daily trading range

EUR/CAD today is holding within a 1.6060–1.6155 range as the pair tracks cautiously toward the upper end amid muted momentum.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 10, 2025, the GBP/CAD pair trades at 1.84302, representing a 0.12% move in the last 24 hours.

GBP/CAD highlights

Sterling eases on rising BoE cut expectations: The pound pulls back from intraday highs as markets increasingly price in a 25 bps cut to 3.75%, keeping GBP/CAD capped amid ongoing UK labour market softness.
Weak labour signals weigh on sterling sentiment: Persistent employment concerns continue to limit upside momentum, influencing CAD to GBP rate as traders brace for a more dovish Bank of England stance.
Pound trades cautiously ahead of policy shift: With rate-cut expectations now firmly embedded, investors avoid aggressive positioning, leaving GBP/CAD direction dependent on incoming UK data and global risk tone.

Economic news impacting GBP/CAD today

BoE Ramsden's Speech

Daily trading range

GBP/CAD today is holding within a 1.8380–1.8485 range as the pair steadies toward the upper band amid cautious pound sentiment.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 10, 2025, the CAD/JPY pair trades at 113.201, representing a -0.05% move in the last 24 hours.

CAD/JPY highlights

Yen weakens as risk sentiment deteriorates: The Japanese yen stays under pressure after the 7.6-magnitude earthquake dampened investor confidence, keeping JPY/CAD tilted lower.
Soft GDP adds to downward momentum: A downward revision to Japan’s Q3 GDP compounds existing headwinds, limiting support and influencing CAD to JPY exchange rate as investors favour higher-yielding currencies.
JPY struggles to find a floor: With sentiment fragile and growth signals weakening, traders avoid major yen exposure, leaving JPY/CAD direction dependent on external risk tone and US policy cues.

Economic news impacting CAD/JPY today

Producer Price Index

Daily trading range

CAD/JPY today is holding within a 112.20–113.30 range as the pair hovers 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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