Is USD to CAD going up or down?

As of February 10, 2026, the exchange rate for USD to CAD is 1.35504, denoting a -0.05% 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 1.35504, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61329, while the British pound sits around 1.85359 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.196, 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 1.35504. 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 -0.05% 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 10, 2026

Canadian Dollar News - CAD remains supported on steady oil, soft USD

USD/CAD performance is stabilizing after recent volatility, with the US dollar rate today holding steadier following a sharp overnight drop. Markets are now turning to delayed employment and retail releases for confirmation on whether the US economy remains resilient, which will be key for near-term direction in the exchange rate. Meanwhile, the Canadian dollar rate today is holding onto its recovery gains amid a more subdued USD backdrop, supported by steady oil prices and reduced expectations for aggressive BoC easing. Until fresh US data provide clearer momentum, CAD to USD is likely to remain range-bound, with both currencies trading cautiously around shifting growth and policy signals.

Today's Global Currency Highlights

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

USD: US dollar steadies after a sharp overnight drop, markets now turn to delayed employment and retail data to weigh if the US economy remains resilient.
CAD: Loonie holds onto its recovery gains amid a subdued USD, as reduced bets for aggressive BoC easing and steady oil continue to underpin support.
EUR: Euro edges lower as upside momentum fades near weekly highs after ECB President Lagarde expresses confidence in CPI stabilizing around the 2% target.
GBP: Sterling remains muted as volatility linked to recent political turmoil eases, though firmer expectations of another BoE cut keep downside risks in play.
JPY: Yen posts a modest rebound, hovers near one-week highs after Takaichi’s LDP secures a decisive election victory, while a softer USD adds support.
AUD: Aussie pulls back from three-year highs but retains a bullish bias on Fed–RBA divergence, after Bullock signals the possibility of further rate hikes.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to a busy US-heavy economic calendar, with key releases on the FX calendar set to shape near-term market direction. Weekly ADP employment data will offer an early read on labour momentum, while US retail sales and business inventories will provide important signals on consumer demand and broader economic resilience. Strong results could help underpin the US dollar today, while softer readings may revive easing expectations and pressure the greenback. For the Canadian dollar today, spillover from US data will remain the dominant driver, keeping CAD sensitive to shifts in risk sentiment and cross-border rate expectations.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a steady but cautious outlook, with the Canadian dollar rate today likely to remain range-bound as markets take direction primarily from incoming US data. With employment and retail figures in focus south of the border, the loonie’s near-term moves will depend on how the US dollar today responds and whether risk sentiment stays supportive. Unless domestic catalysts emerge or oil prices shift sharply, the Canadian dollar is expected to drift rather than establish a clear trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 10, 2026, the USD/CAD pair is trading at 1.35504, representing a -0.05% move in the last 24 hours.

USD/CAD highlights

USD stabilizes after overnight slide: The US dollar steadies following a sharp drop, as markets pause to reassess near-term momentum.
Employment and retail data now in focus: Investors are turning to delayed labour and consumer spending releases to gauge whether the US economy remains resilient and set the next USD direction.
CAD holds recovery gains on softer USD: The loonie remains supported as the US dollar stays subdued, helping maintain recent strength.
Oil and fading BoC cut bets underpin CAD: Steady crude prices and reduced expectations for aggressive BoC easing are providing a firmer base for the Canadian dollar.

Economic news impacting USD/CAD today

US ADP Employment Change Weekly
US Retail Sales

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3550–1.3700 range and holding near the lower end of that band with a mild downward bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 10, 2026, the EUR/CAD pair is trading at 1.61329, representing a -0.11% move in the last 24 hours.

EUR/CAD highlights

Euro eases as momentum stalls near highs: The euro edges modestly lower as upside momentum fades close to weekly peaks, keeping EUR/CAD slightly softer.
Lagarde’s confidence limits downside: ECB President Lagarde’s remarks about inflation stabilising near the 2% target are helping provide a floor, tempering weakness in CAD to EUR moves.
EUR remains range-bound ahead of fresh catalysts: With policy expectations largely steady, EUR/CAD is likely to stay contained unless incoming eurozone data shifts the outlook.

Economic news impacting EUR/CAD today

ECB Schnabel's Speech (Wednesday)

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the lower-middle of that band with a mildly soft bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On February 10, 2026, the GBP/CAD pair is trading at 1.85359, representing a -0.16% move in the last 24 hours.

GBP/CAD highlights

Sterling stays muted as volatility fades: The pound remains subdued as recent political-driven swings ease, leaving GBP/CAD largely range-bound.
BoE cut expectations cap GBP upside: Firmer market pricing for another BoE rate cut is keeping pressure on sterling, limiting strength in CAD to GBP moves.
Downside risks remain for GBP: With easing bets still in play, GBP/CAD may struggle to gain traction unless policy expectations shift or sentiment improves.

Economic news impacting GBP/CAD today

RICS House Price Balance (Wednesday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8500–1.8750 range and holding near the lower end of that band with a mildly soft bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On February 10, 2026, the CAD/JPY pair is trading at 114.196, representing a -0.62% move in the last 24 hours.

CAD/JPY highlights

Yen rebounds modestly after election clarity: The yen posts a small recovery and hovers near one-week highs after Takaichi’s LDP secures a decisive victory, keeping CAD/JPY slightly softer.
Political stability supports JPY tone: Reduced uncertainty is helping lift demand for the yen, improving sentiment across CAD to JPY moves.
Softer USD adds tailwind for JPY: A weaker US dollar is providing additional support, leaving CAD/JPY biased lower unless risk sentiment shifts.

Economic news impacting CAD/JPY today

Producer Price Index (Wednesday)

Daily trading range

CAD/JPY today is fluctuating within a recent 113.50–116.00 range and holding near the lower-middle of that band with a mildly defensive 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 Monthly Currency Forecast

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