Is USD to CAD going up or down?

As of December 23, 2025, the exchange rate for USD to CAD is 1.37045, denoting a -0.29% 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 1.37045, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61669, while the British pound sits around 1.85077 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.777, 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 1.37045. 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 -0.29% 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 23, 2025

Canadian Dollar News - CAD outperforms as markets price deeper Fed cuts

The US dollar rate today is sliding to fresh lows as dovish Fed expectations intensify, reinforced by renewed political pressure for rate cuts and softer demand ahead of ADP employment and durable goods data. Against this backdrop, the Canadian dollar rate today is advancing toward multi-month highs, supported by fading USD demand and firmer oil prices driven by elevated geopolitical risks. With markets increasingly favouring the loonie, the CAD to USD outlook remains constructive, though upcoming GDP data will be key to validating the move. For now, the exchange rate continues to lean in Canada’s favour, barring a sharp surprise from US labour or activity data..

Today's Global Currency Highlights

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

USD: US dollar slides to fresh lows as dovish Fed bets intensify, reinforced by Trump’s calls to cut rates, markets eye ADP employment, durable goods data.
CAD: Canadian dollar advances toward multi-month highs as USD demand fades, firmer oil prices on heightened geopolitical risks provide added support ahead of GDP.
EUR: Euro remains subdued heading into the Christmas weekend, but bulls stay in control as caution around the ECB’s policy outlook underpins sentiment.
GBP: Sterling holds firm near recent highs, supported by expectations that BoE will follow a gradual easing path, directional cues tied to incoming US data.
JPY: Yen claws back part of its recent losses on verbal intervention from Japanese authorities, poised to appreciate further amid BoJ-Fed policy divergence.
AUD: Australian dollar posts modest gains as the RBA begins discussing the need for potential rate hikes, persistent USD softness adds an additional tailwind.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets are focused on a packed economic calendar featuring US ADP nonfarm employment, durable goods orders, and Q3 GDP, alongside Canada’s October GDP figures. These releases sit at the centre of the FX calendar, offering fresh insight into growth momentum on both sides of the border. The Canadian dollar today will be sensitive to whether domestic GDP data confirms economic resilience, while the US dollar today is expected to react to labour and growth signals that could shape expectations around the Fed’s policy path. With multiple high-impact data points due, traders are bracing for increased volatility across USD/CAD.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited conviction, with the Canadian dollar rate today sensitive to producer price signals from IPPI and RMPI, which will offer clues on upstream inflation pressures. While stable conditions may reinforce expectations that price pressures remain contained, any surprise could shift BoC assumptions. At the same time, US Treasury bill auctions may influence broader USD liquidity and spill over into CAD positioning. Until clearer signals emerge, the loonie is likely to remain range-bound with a cautious bias.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 23, 2025, the USD/CAD pair trades at 1.37045, representing a -0.29% move in the last 24 hours.

USD/CAD highlights

USD remains pressured in thin holiday trade: The US dollar stays under pressure during a holiday-shortened week, with subdued liquidity and steady risk sentiment keeping USD/CAD tilted lower.
GDP data key for USD direction: With few catalysts on the calendar, upcoming GDP data is expected to guide near-term CAD to USD flows and determine whether the greenback can find a floor.
CAD gains on rising oil prices: The Canadian dollar strengthens as oil prices climb on supply disruption concerns, pushing USD/CAD lower in early trade.
GDP release to test CAD momentum:Markets now look ahead to Tuesday’s GDP figures, which will be crucial for confirming whether recent strength in CAD to USD positioning can be sustained.

Economic news impacting USD/CAD today

Canada IPPI
Canada RMPI
US 3-Month Bill Auction
US 6-Month Bill Auction

Daily trading range

USD/CAD today is holding within a 1.3770, holding within a 1.3725–1.3815 range.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 23, 2025, the EUR/CAD pair trades at 1.61669, representing a 0.03% move in the last 24 hours.

EUR/CAD highlights

Euro trades sideways after ECB hold: The euro moves sideways after the ECB keeps rates unchanged, leaving EUR/CAD confined to its recent range as markets digest the decision.
Lagarde signals prolonged policy stability: Comments from President Lagarde pointing to an extended period of steady policy limit volatility, keeping CAD to EUR flows subdued.
EUR outlook remains range-bound: With no immediate shift in ECB guidance, EUR/CAD is likely to remain directionless in the near term, awaiting fresh data or external catalysts.

Economic news impacting EUR/CAD today

Reserve Assets Total

Daily trading range

EUR/CAD today is holding within a 1.6152, holding within a 1.6115–1.6185 range.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 23, 2025, the GBP/CAD pair trades at 1.85077, representing a 0.05% move in the last 24 hours.

GBP/CAD highlights

Sterling edges higher after BoE rate cut: The pound ticks higher after the Bank of England delivers its fourth rate cut of the year, with GBP/CAD finding modest support in early trade.
Improving growth outlook underpins GBP: A more constructive GDP growth outlook helps cushion sterling despite the easing move, steadying CAD to GBP flows as markets reassess the UK outlook.
GBP direction tied to data follow-through: While near-term sentiment has improved, GBP/CAD remains sensitive to incoming UK data and global risk tone to determine whether gains can be sustained.

Economic news impacting GBP/CAD today

House Price Index

Daily trading range

GBP/CAD is trading near 1.8499, holding within a 1.8445–1.8535 range.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 23, 2025, the CAD/JPY pair trades at 113.777, representing a -0.32% move in the last 24 hours.

CAD/JPY highlights

Yen stays pressured as safe-haven demand fades: The Japanese yen remains on the defensive as improving risk sentiment reduces demand for safe havens, keeping JPY/CAD biased lower.
BoJ core CPI in focus for policy clarity:Markets are watching upcoming core CPI data for confirmation of underlying inflation trends, which could influence expectations for further tightening and reshape CAD to JPY flows.
JPY outlook hinges on inflation signals:While rate-hike expectations offer some longer-term support, near-term direction for JPY/CAD remains fragile until clearer guidance emerges from BoJ inflation data.

Economic news impacting CAD/JPY today

BoJ Core CPI (Tuesday)

Daily trading range

CAD/JPY today is holding within a 113.70–114.80 range.

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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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