Is USD to CAD going up or down?

As of December 1, 2025, the exchange rate for USD to CAD is 1.39966, denoting a -0.01% 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 1.39966, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.62461, while the British pound sits around 1.84899 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 111.093, 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 1.39966. 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 -0.01% 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 1, 2025

Canadian Dollar News - CAD steady as BoC cut bets ease

The US dollar rate today is slipping as the greenback gives back its early-week recovery attempts, with renewed Fed rate cut bets pressuring sentiment ahead of this week’s PMI releases and a key speech from Fed Chair Powell. At the same time, the Canadian dollar rate today is extending its modest rebound, supported by stronger-than-expected GDP data that has tempered expectations of a BoC rate cut next week. With both currencies awaiting fresh activity indicators for clearer direction, the CAD to USD exchange rate remains caught in a tight band. Until incoming PMIs or Powell’s commentary shift the broader narrative, USD/CAD is likely to see contained moves, with the loonie holding a slight advantage thanks to firmer domestic fundamentals.

Today's Global Currency Highlights

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

USD: US dollar surrenders recovery gains to start the week as Fed rate cut bets take toll, PMIs and Fed Chair Powell's speech in the spotlight.
CAD: Canadian dollar extends its modest rebound after robust GDP tempers BoC rate cut bets next week, PMIs set to provide the next directional cue.
EUR: Euro pushes higher in early Monday trade, refreshes two-week highs despite a softer manufacturing PMI, supported largely by broad USD weakness.
GBP: Sterling holds steady but struggles to build bullish momentum even as the greenback softens, UK budget relief may lend some support.
JPY: Yen edges away from multi-month lows after comments from BoJ Ueda bolster expectations of a rate hike, helping narrow yield differentials.
AUD: Australian dollar remains quiet yet firm on USD softness driven by dovish Fed, traders await Wednesday’s Q3 GDP release for the next catalyst.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, traders are focused on a data-heavy economic calendar, with manufacturing PMIs on both sides of the border set to guide short-term momentum. The Canadian dollar today will take direction from Canada’s S&P Global Manufacturing PMI, where any uptick in activity could help extend the loonie’s recent rebound. Meanwhile, the FX calendar is dominated by US releases, including the S&P Global and ISM Manufacturing PMIs, alongside a highly anticipated speech from Fed Chair Powell. These events will shape expectations around the policy path and influence sentiment toward the US dollar today, setting the stage for potentially increased volatility in USD/CAD as markets digest the incoming signals.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautiously constructive tone, with the Canadian dollar rate today showing signs of stabilizing as traders await fresh activity data for clearer direction. Canada’s S&P Global Manufacturing PMI will be a key driver, with even a modest improvement offering the loonie some support after recent softness. However, broader market sentiment remains guarded as attention also turns to a heavy US data slate and Powell’s upcoming speech, both of which could influence risk appetite and spill over into CAD flows. For now, the Canadian dollar today remains steady but sensitive to shifts in momentum.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 1, 2025, the USD/CAD pair trades at 1.39966, representing a -0.01% move in the last 24 hours.

USD/CAD highlights

USD loses early-week traction: The US dollar surrenders its brief recovery as growing Fed rate-cut expectations drag on sentiment, keeping USD/CAD tilted slightly lower ahead of key PMI releases.
Policy expectations weigh on the greenback: With markets leaning more dovishly on the Fed, traders await Powell’s speech for clarity, leaving CAD to USD flows highly sensitive to shifts in policy tone.
CAD extends rebound on strong GDP: The Canadian dollar builds on last week’s modest gains after robust GDP data reduces the likelihood of a near-term BoC rate cut, helping to stabilise USD/CAD trading.
PMIs in focus for next CAD move: Both Canadian and US manufacturing PMIs will shape near-term direction, meaning CAD to USD dynamics could change quickly depending on whether activity data surprises to the upside or downside.

Economic news impacting USD/CAD today

Canada S&P Global Manufacturing PMI
US S&P Global Manufacturing PMI
US ISM Manufacturing PMI
US Fed Chair Powell's Speech

Daily trading range

USD/CAD today is holding within a 1.3935–1.3998 range with a neutral-to-slightly bearish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 1, 2025, the EUR/CAD pair trades at 1.62461, representing a 0.27% move in the last 24 hours.

EUR/CAD highlights

Euro climbs to two-week highs: The euro advances in early Monday trade, with EUR/CAD pushing higher as broad USD weakness outweighs the drag from a softer Eurozone manufacturing PMI.
Soft PMI data tempered by weaker USD: Despite the disappointing manufacturing print, traders continue to favour the euro over the USD, keeping CAD to EUR flows modestly supportive as sentiment leans toward EUR resilience.
Momentum driven by external factors: With Eurozone data offering mixed signals, the latest uptrend in EUR/CAD remains heavily influenced by global USD softness rather than euro-specific strength, leaving gains somewhat fragile.

Economic news impacting EUR/CAD today

Inflation Rate (Tuesday)
Unemployment Rate (Tuesday)

Daily trading range

EUR/CAD today is holding within a 1.6215–1.6285 range with a slightly bullish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 1, 2025, the GBP/CAD pair trades at 1.84899, representing a 0.01% move in the last 24 hours.

GBP/CAD highlights

Sterling holds steady but lacks conviction: The pound trades broadly stable, but limited follow-through keeps GBP/CAD contained as sterling struggles to build meaningful upside despite broader USD softness.
UK budget relief offers mild support: Recent fiscal clarity helps ease some immediate concerns, yet investors remain cautious, keeping CAD to GBP flows balanced as markets look for stronger UK-specific catalysts.
Bullish momentum remains fragile: With sentiment still soft and no major data surprises, GBP/CAD stays vulnerable to renewed pressure unless risk appetite improves or UK indicators turn more supportive.

Economic news impacting GBP/CAD today

BoE Dhingra's Speech

Daily trading range

GBP/CAD today holding within a 1.8470–1.8535 range with a neutral-to-slightly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 1, 2025, the CAD/JPY pair trades at 111.093, representing a -0.58% move in the last 24 hours.

CAD/JPY highlights

Yen finds support on hawkish BoJ signals: The Japanese yen lifts off multi-month lows after comments from BoJ Governor Ueda strengthen expectations of a possible rate hike, putting modest downward pressure on CAD/JPY.
Narrowing yield differentials aid JPY: EUeda’s remarks help tighten Japan’s rate gap with global peers, encouraging selective yen buying and tempering CAD to JPY flows that had been favouring CAD strength.
JPY recovery remains cautious: Despite the constructive shift, traders remain mindful of Japan’s fragile economic backdrop, keeping the rebound in CAD/JPY measured as markets await further confirmation of BoJ policy tightening.

Economic news impacting CAD/JPY today

10-Year JGB Auction

Daily trading range

CAD/JPY today is holding within a 110.65–111.40 range with a neutral-to-slightly bearish 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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USD Monthly Forecast Report

CAD 5 Bank Forecast

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