Is USD to CAD going up or down?

As of February 26, 2026, the exchange rate for USD to CAD is 1.37038, denoting a 0.23% 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 1.37038, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61498, while the British pound sits around 1.85013 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.924, 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 1.37038. 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 0.23% 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 26, 2026

Canadian Dollar News - CAD firm as USD softness lingers

USD/CAD is trading with a slightly softer undertone as the US dollar rate today remains under pressure amid ongoing political developments and trade uncertainty. Investors are closely monitoring US–Iran nuclear talks and upcoming jobless claims for clearer direction, with shifting geopolitical headlines influencing near-term risk sentiment and shaping CAD to USD flows. While the greenback has struggled to regain firm footing, conviction remains limited as markets await more concrete signals. Meanwhile, the Canadian dollar rate today is holding firm, supported by resilient oil prices and a somewhat softer US trade stance. However, lingering dovish expectations around the Bank of Canada are capping stronger upside attempts. Unless US data surprises materially or crude prices break decisively higher, the exchange rate is likely to remain range-bound rather than move into a sustained directional trend.

Today's Global Currency Highlights

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

USD: US dollar remains under pressure as political developments and trade uncertainty weigh, markets eye US–Iran nuclear talks and jobless claims for fresh direction.
CAD: Canadian dollar holds firm, supported by resilient oil prices and a softer US trade stance, though dovish expectations around the BoC cap further gains.
EUR: Euro trades within its familiar range after Lagarde signals progress toward the inflation target, with attention shifting to German CPI data due Friday.
GBP: Sterling slips after failing to sustain modest gains, as political risks resurface ahead of a special election to fill a vacant parliamentary seat today.
JPY: Yen trims earlier losses after Ueda reiterates the BoJ will closely assess incoming data in March and April before deciding on further tightening.
AUD: Aussie dollar climbs back to three-year highs against major peers as investors anticipate another rate hike from the RBA amid upside inflation risks.

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 as fresh US and Canadian data provide potential direction for markets. The FX calendar features US Initial Jobless Claims, a key gauge of labour market conditions that could influence expectations around Fed policy and shape sentiment toward the US dollar today. A lower-than-expected reading may reinforce the greenback's resilience, while any uptick in claims could weigh on momentum. On the Canadian side, Wholesale Sales will be closely watched for signals on domestic demand and business activity, with stronger figures potentially offering support to the Canadian dollar today. With both releases on deck, daily FX flows are likely to remain data-sensitive, keeping short-term price action reactive rather than trend-driven.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a measured outlook, with the Canadian dollar rate today holding steady as traders assess incoming domestic and US data. Canada’s Wholesale Sales report will be key in gauging business momentum and broader economic resilience, with a stronger print potentially lending modest support to the loonie. However, direction may still hinge on US Initial Jobless Claims, as shifts in US labour conditions could influence overall risk tone and USD sentiment. Unless domestic data significantly outperforms expectations, the Canadian dollar rate today is likely to remain range-bound, reacting more to external drivers than establishing a clear standalone trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 26, 2026, the USD/CAD pair is trading at 1.37038, representing a 0.23% move in the last 24 hours.

USD/CAD highlights

USD pressured by geopolitical uncertainty: The US dollar remains on the defensive as political developments and renewed trade uncertainty weigh on sentiment, keeping USD/CAD tilted lower in early trade.
Talks and jobless claims in focus: Markets are watching US–Iran nuclear discussions and upcoming jobless claims for clearer direction, with any surprise likely to shift CAD to USD flows.
CAD supported by resilient oil prices: The Canadian dollar holds firm as steady crude prices and a softer US trade stance provide underlying support to the loonie.
BoC easing bets cap CAD upside: Despite relative strength, lingering dovish expectations around the Bank of Canada continue to limit further gains, keeping USD/CAD within a consolidation range.

Economic news impacting USD/CAD today

US Initial Jobless Claims
Canada Wholesale Sales

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3620–1.3720 range and holding near the mid-range of that band with a neutral bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 26, 2026, the EUR/CAD pair is trading at 1.61498, representing a 0.03% move in the last 24 hours.

EUR/CAD highlights

Euro steady after Lagarde comments: The euro trades within its familiar range as ECB President Lagarde signals progress toward the inflation target, limiting volatility in EUR/CAD.
Inflation progress tempers downside risks: Improved confidence around disinflation helps stabilize sentiment, supporting balanced CAD to EUR flows.
German CPI in focus next: Attention now shifts to upcoming German CPI data, with EUR/CAD likely to remain range-bound unless inflation surprises materially.

Economic news impacting EUR/CAD today

CFTC EUR speculative net positions (Friday)

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 26, 2026, the GBP/CAD pair is trading at 1.85013, representing a -0.17% move in the last 24 hours.

GBP/CAD highlights

Sterling slips as political risks resurface: The pound retreats after failing to hold earlier gains, with renewed political uncertainty weighing on GBP/CAD sentiment.
Election headlines dampen confidence: A special election to fill a vacant parliamentary seat brings fresh political focus, tempering momentum in CAD to GBP flows.
GBP/CAD faces near-term pressure: With political risks back in play, GBP/CAD remains vulnerable to consolidation unless broader risk sentiment improves.

Economic news impacting GBP/CAD today

Consumer Confidence

Daily trading range

GBP/CAD is fluctuating within a recent 1.8450–1.8650 range and holding near the mid-to-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 26, 2026, the CAD/JPY pair is trading at 113.924, representing a -0.30% move in the last 24 hours.

CAD/JPY highlights

Yen pares losses after Ueda remarks: The Japanese yen trims earlier declines as BoJ Governor Ueda signals policymakers will closely assess incoming data before making further tightening decisions.
Data-dependent stance steadies JPY: Emphasis on evaluating March and April data tempers aggressive easing expectations, lending support to the yen.
CAD/JPY momentum moderates: With tightening prospects still on the table, CAD/JPY upside becomes more measured unless fresh data decisively shifts the BoJ outlook.

Economic news impacting CAD/JPY today

Tokyo CPI

Daily trading range

CAD/JPY today is fluctuating within a recent 113.20–114.80 range and holding near the mid-range 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.

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