Is USD to CAD going up or down?

As of January 19, 2026, the exchange rate for USD to CAD is 1.38635, denoting a -0.36% 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 1.38635, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61403, while the British pound sits around 1.86186 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.044, 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 1.38635. 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 -0.36% 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.

Get currency alerts delivered straight to your inbox.

Set an alert

Written by Ash Abbasi

January 19, 2026

Canadian Dollar News - CAD firms as CPI expected to hold steady

The exchange rate for USD/CAD is trading with a softer tone as the US dollar rate today retreats from Friday’s highs, pressured by renewed tariff threats from Donald Trump targeting EU countries, while easing US–Iran tensions help cap deeper losses. This pullback has shifted short-term momentum, allowing CAD to USD to tilt modestly in favour of the loonie. At the same time, the Canadian dollar rate today is extending its rebound on the back of broader USD softness, with markets focused on December CPI data due later today, which is expected to remain steady and reinforce expectations that the Bank of Canada will stay on hold. With policy signals largely balanced on both sides, the exchange rate is likely to remain range-bound in the near term, sensitive to inflation data and headline-driven shifts in global risk sentiment rather than a clear directional break.

Today's Global Currency Highlights

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

USD: US dollar falls off from Friday’s peaks after Trump threatens additional tariffs on EU countries, easing US–Iran tensions help limit the downside.
CAD: Canadian dollar extends its rebound amid broader USD softness, December CPI data due later today expected to remain steady and reinforce a BoC pause.
EUR: Euro holds steady despite HICP data showing inflation slipping below the ECB’s 2% target, renewed US tariff threats dampen demand for the greenback.
GBP: Sterling trades without clear direction as strong GDP data reduces BoE rate cut bets, with a data-heavy UK calendar likely to drive volatility.
JPY: Yen struggles to build on modest intraday gains amid reports of a possible snap election in Japan, intervention risks and hawkish BoJ cap losses.
AUD: Australian dollar trades largely stable as US–EU trade tensions keep pressure on the USD, markets eye December employment data due Thursday.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX update, attention turns to Canada’s data releases on the economic calendar, with the inflation rate and the Bank of Canada Business Outlook Survey topping the FX calendar. These releases will be key for assessing domestic pricing pressures and business sentiment, both of which may influence the Canadian dollar today. A steady or firmer inflation print, alongside resilient business expectations, could offer near-term support to the loonie, while softer signals may reinforce a cautious outlook. Beyond Canada, broader market sentiment will continue to shape the US dollar today, with investors weighing how North American data trends fit into the evolving policy outlook on both sides of the border.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news suggests a cautiously constructive tone, with the Canadian dollar rate today extending its recent rebound as broader US dollar softness offers some breathing room. The loonie has found support as markets look ahead to steady inflation signals and gauge the impact of easing geopolitical tensions on global risk appetite. However, upside momentum remains measured, with traders staying alert to incoming Canadian data and external headline risks that could quickly shift sentiment and keep the currency trading within a familiar range rather than breaking into a sustained trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On January 19, 2026, the USD/CAD pair is trading at 1.38635, representing a -0.36% move in the last 24 hours.

USD/CAD highlights

USD softens after tariff threats resurface: The US dollar slips from Friday’s highs after renewed tariff threats against the EU revive trade concerns, keeping USD/CAD modestly lower despite easing US–Iran tensions.
Geopolitics cap deeper USD losses: Reduced Middle East tensions help limit downside pressure on the greenback, leaving CAD to USD rate largely range-bound.
CAD extends rebound on broad USD weakness: The Canadian dollar builds on its recovery as softer US dollar sentiment keeps USD/CAD under pressure.
CPI in focus for CAD direction: December inflation data is expected to be steady, reinforcing a BoC pause and shaping the next move in USD/CAD.

Economic news impacting USD/CAD today

Canada Inflation Rate
Canada BoC Business Outlook Survey

Daily trading range

USD/CAD pair fluctuating within a recent 1.3800–1.4000 range and holding near the middle of that band with a neutral-to-slightly firm bias.

Looking for the best USD/CAD exchange rate?

Convert CAD to USD

EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On January 19, 2026, the EUR/CAD pair is trading at 1.61403, representing a 0.06% move in the last 24 hours.

EUR/CAD highlights

Euro holds steady despite softer inflation: The euro remains stable even as HICP data shows inflation slipping below the ECB’s 2% target, with markets viewing the downside as manageable.
Tariff risks temper USD demand, support EUR: Renewed US tariff threats are weighing on the greenback, indirectly helping the euro hold its ground and keeping EUR/CAD broadly supported.
EUR/CAD steady as policy expectations stay balanced: With ECB easing risks already priced in, CAD to EUR rate remains range-bound, leaving EUR/CAD trading without a clear directional bias.

Economic news impacting EUR/CAD today

ZEW Economic Sentiment (Tuesday)

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6050–1.6250 range and holding near the middle of that band with a neutral bias.

Save more on the EUR/CAD exchange rate.

Convert CAD to EUR

GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On January 19, 2026, the GBP/CAD pair is trading at 1.86186, representing a 0.05% move in the last 24 hours.

GBP/CAD highlights

Sterling steadies after strong GDP data: The pound trades without a clear directional bias as firmer UK growth data reduces near-term BoE rate cut expectations.
Data-heavy calendar to keep GBP volatility elevated: With multiple UK releases ahead, markets remain cautious, leaving GBP/CAD sensitive to incoming surprises rather than trend-driven moves.
GBP/CAD range-bound as policy outlook firms: While stronger data offers underlying support, CAD to GBP rate remains balanced, keeping GBP/CAD confined to recent ranges.

Economic news impacting GBP/CAD today

NIESR Monthly GDP Tracker

Daily trading range

GBP/CAD is fluctuating within a recent 1.8500–1.8750 range and holding near the middle of that band with a neutral bias.

Don't overpay on CAD to GBP exchange rate.

Convert CAD to GBP

CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On January 19, 2026, the CAD/JPY pair is trading at 114.044, representing a 0.38% move in the last 24 hours.

CAD/JPY highlights

Yen struggles to extend gains amid political uncertainty: The yen finds it difficult to build on modest intraday strength as reports of a potential snap election in Japan add a layer of uncertainty to the outlook.
Intervention risks limit downside pressure: Ongoing sensitivity around possible currency intervention continues to discourage aggressive yen selling, helping cap losses despite mixed sentiment.
Hawkish BoJ signals offer underlying support: Expectations that the Bank of Japan may maintain a relatively hawkish stance provide a stabilizing influence, keeping the yen from weakening sharply even as volatility persists.

Economic news impacting CAD/JPY today

Trade Balance (Wednesday)

Daily trading range

CAD/JPY today is fluctuating within a recent 112.50–115.00 range and holding near the lower end of that band with a mildly cautious bias.

Get bank-beating CAD to JPY exchange rates.

Convert CAD to JPY

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

FX Weekly Market Updates

CAD Monthly Currency Forecast

USD Monthly Forecast Report

CAD 5 Bank Forecast

Read our latest blogs

A panoramic view of Puerto Vallarta's coastline, featuring sandy beaches, the Pacific Ocean, and the city's vibrant buildings nestled between lush green hills.

Retire Overseas Mexico

Top 10 Places for Canadians Retiring in Mexico

FAQs - FX Daily