Is USD to CAD going up or down?

As of December 5, 2025, the exchange rate for USD to CAD is 1.38377, denoting a -0.86% 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 1.38377, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61079, while the British pound sits around 1.84488 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 112.241, 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 1.38377. 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 -0.86% 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

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Written by Ash Abbasi

December 5, 2025

Canadian Dollar News - CAD firm amid USD softness

The US dollar rate today remains pinned near weekly lows as mounting expectations of Fed rate cuts continue to pressure the greenback, with markets awaiting the PCE Price Index to gauge whether inflation remains above target. Meanwhile, the Canadian dollar rate today edges toward multi-week highs on sustained USD softness, though gains are tempered as traders brace for employment data expected to show a rise in November’s jobless rate. With the CAD to USD exchange rate driven by shifting policy expectations on both sides of the border, the loonie may retain a modest upward bias unless domestic labour figures reveal deeper cracks.

Today's Global Currency Highlights

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

USD: US dollar stays anchored near weekly lows as mounting bets of Fed cuts weigh, markets expect PCE Price Index to confirm the inflation remains above the Fed’s target.
CAD: Canadian dollar edges toward multi-week highs amid sustained USD softness, investors brace for employment data expected to show a rise in November’s jobless rate.
EUR: Euro slips from overnight highs despite upbeat Eurozone GDP and employment readings, with traders taking profit ahead of the closely watched US PCE release.
GBP: Sterling retreats from weekly peaks as evidence of a cooling UK economy and growing speculation of BoE interest rate cuts pull the currency lower.
JPY: Yen continues to oscillate within its recent range as BoJ rate-hike expectations offset weak household spending, Fed–BoJ divergence remains a key influence.
AUD: Aussie consolidates its weekly gains as buyers pause ahead of US inflation data, divergent Fed–RBA policy trajectories still providing a supportive backdrop.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, traders are turning to a packed economic calendar as Canada’s labour market data and key US inflation indicators take centre stage. The Canadian dollar today could find support if employment shows resilience, while a rise in the jobless rate may weigh on sentiment. South of the border, the US dollar today will be shaped by the Core PCE Price Index, Michigan consumer sentiment, and consumer credit figures. With several high-impact releases on the FX calendar, markets are bracing for heightened volatility across CAD and USD pairs.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautious market tone, with the Canadian dollar rate today building modest momentum. Traders remain wary as they evaluate how today’s employment figures and shifting global risk sentiment may shape the loonie’s direction. With the US Core PCE release poised to influence broader USD dynamics, CAD movement will depend on whether domestic labour data signals resilience or adds to concerns about softening economic momentum. Overall, the loonie’s outlook remains finely balanced as markets await clarity from both sides of today’s data-heavy session.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 5, 2025, the USD/CAD pair trades at 1.38377, representing a -0.86% move in the last 24 hours.

USD/CAD highlights

USD pressured as Fed cut bets rise: The US dollar stays pinned near weekly lows as growing expectations of upcoming Fed rate cuts continue to weigh on sentiment, keeping USD/CAD tilted lower in early trade.
PCE data in focus for USD direction: Markets are watching the PCE Price Index closely, with forecasts suggesting inflation remains above target. Any upside surprise could disrupt the current bearish bias and reshape CAD to USD rate.
CAD climbs toward multi-week highs: The Canadian dollar edges higher on broad USD softness, benefiting from improving risk tone and narrowing interest-rate expectations between the Fed and the BoC.
Labour data to guide next CAD move: Traders await Canada’s employment figures, with expectations of a higher jobless rate. The outcome will determine whether the CAD’s recent strength can extend or if USD/CAD reclaims higher ground..

Economic news impacting USD/CAD today

US Core PCE Price Index
US Michigan Consumer Sentiment
Canada Unemployemnt Rate
Canada Employment Change

Daily trading range

USD/CAD today is holding within a 1.3880–1.3955 range with a slightly bearish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 5, 2025, the EUR/CAD pair trades at 1.61079, representing a -0.84% move in the last 24 hours.

EUR/CAD highlights

Euro retreats as profit-taking emerges: The euro pulls back from its overnight highs as traders lock in gains despite solid Eurozone GDP and employment data, keeping EUR/CAD momentum in check.
US PCE event risk caps EUR upside: With markets bracing for the high-impact US PCE release, caution dominates CAD to EUR flows, limiting sustained euro strength ahead of the inflation print.
Stronger EU fundamentals offer a floor: Despite the pullback, upbeat regional data continues to provide underlying support, helping prevent deeper losses in EUR/CAD as sentiment stabilizes.

Economic news impacting EUR/CAD today

ECB Lane's Speech

Daily trading range

EUR/CAD today is trading within a 1.6180–1.6265 range with a neutral-to-slightly bearish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 5, 2025, the GBP/CAD pair trades at 1.84488, representing a -0.71% move in the last 24 hours.

GBP/CAD highlights

GBP softens after recent highs: Sterling pulls back from weekly peaks as signs of a cooling UK economy weigh on sentiment, pushing GBP/CAD lower in early trade.
BoE rate-cut speculation pressures the pound: Expectations that the Bank of England may move toward rate cuts continue to dampen demand for the pound, influencing CAD to GBP flows toward renewed GBP softness.
Weak macro signals limit GBP recovery attempts: With sluggish UK data and fading momentum, traders remain cautious, leaving GBP/CAD gains capped unless incoming economic indicators offer a positive surprise.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions

Daily trading range

GBP/CAD today trading within a 1.8530–1.8635 range with a mildly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 5, 2025, the CAD/JPY pair trades at 112.241, representing a 1.03% move in the last 24 hours.

CAD/JPY highlights

Yen fluctuates within familiar band: The yen continues to trade sideways as it oscillates within its recent range, leaving CAD/JPY direction mixed and reactive to broader market sentiment.
BoJ hike expectations lend partial support: Lingering expectations of a potential Bank of Japan rate hike help prevent deeper yen losses, moderating CAD to JPY upside even as economic data softens.
Fed–BoJ divergence still drives momentum: A wide policy gap between the Federal Reserve and the BoJ remains a dominant force, keeping CAD/JPY flows sensitive to shifts in US yield expectations and risk appetite.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is trading within a 110.60–111.75 range with a mildly bullish 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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