Is USD to CAD going up or down?

As of February 19, 2026, the exchange rate for USD to CAD is 1.3699, denoting a 0.03% change. The pair is showing upward 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 1.3699, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61065, while the British pound sits around 1.84109 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.146, 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 1.3699. 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 0.03% 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 19, 2026

Canadian Dollar News - CAD steadies but upside capped on dovish BoC

USD/CAD performance is drifting modestly lower, with the US dollar rate today struggling to sustain hawkish Fed-inspired gains as selling pressure re-emerges amid an improved risk mood. Markets are now watching jobless claims and geopolitical developments for fresh cues, keeping the exchange rate sensitive to shifts in sentiment rather than firmly trend-driven. Meanwhile, the Canadian dollar rate today is firming slightly on renewed USD softness and higher crude prices, offering near-term support to the loonie. However, rising expectations of BoC rate cuts are capping upside ahead of key trade balance data, leaving CAD to USD likely to remain range-bound with a cautiously supportive bias.

Today's Global Currency Highlights

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

USD: US dollar struggles to sustain hawkish Fed-inspired gains as selling pressure re-emerges amid improved mood, jobless claims and geopolitics in focus for cues.
CAD: Canadian dollar firms modestly on renewed USD softness and higher crude, rising expectations of BoC rate cuts cap upside ahead of the trade balance data.
EUR: Euro steadies after an overnight dip, trading slightly lower as markets look to February consumer confidence and PMI data to shape the EU growth outlook.
GBP: Sterling extends its decline after BoE’s Mann highlights rising unemployment risks and welcomes softer inflation, reinforcing further rate cut bets.
JPY: Yen remains near one-week lows as fiscal concerns resurface, while BoJ–Fed policy divergence helps limit deeper losses ahead of Friday’s key CPI data.
AUD: Aussie dollar trims early gains sparked by stronger January labour data but stays near recent highs, supported by a hawkish RBA tone and a softer USD.

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 economic calendar, with trade data and labour indicators dominating the FX calendar. Both Canada and the US will release trade balance figures, offering insight into external demand and cross-border flows that could influence the Canadian dollar today. In the US, initial jobless claims will be closely watched for fresh signals on labour market conditions, while pending home sales will provide another read on consumer and housing momentum, shaping sentiment around the US dollar today. With multiple releases clustered in one session, FX markets are likely to remain reactive to surprises rather than settle into a clear directional trend.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously steady outlook, with the Canadian dollar rate today likely to be guided by trade balance results and broader USD-driven sentiment. A stronger Canadian trade print could offer modest support to the loonie, while any disappointment may keep gains limited, especially with BoC rate cut expectations still in the background. With US jobless claims and housing data also in focus, the Canadian dollar is expected to remain range-bound, reacting to data surprises rather than breaking into a sustained trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 19, 2026, the USD/CAD pair is trading at 1.3699, representing a 0.03% move in the last 24 hours.

USD/CAD highlights

USD loses traction after hawkish boost: The US dollar struggles to hold Fed-inspired gains as selling pressure returns with an improved risk mood, keeping USD/CAD softer.
Jobless claims and geopolitics in focus: Markets are watching labour data and global headlines for fresh direction, shaping the near-term CAD to USD rate.
CAD firms on softer USD and higher oil: The Canadian dollar edges higher as crude prices strengthen and the greenback weakens, supporting a lower USD/CAD bias.
BoC cut bets limit CAD upside ahead of trade data: Rising easing expectations are capping gains, leaving CAD to USD sensitive to the upcoming trade balance release.

Economic news impacting USD/CAD today

US Initial Jobless Claims
US Trade Balance
US Pending Home Sales
Canada Trade Balance

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3650–1.3800 range and holding near the lower-middle of that band with a modest neutral-to-soft bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 19, 2026, the EUR/CAD pair is trading at 1.61065, representing a -0.17% move in the last 24 hours.

EUR/CAD highlights

Euro steadies after early dip: The euro stabilises following an overnight pullback, leaving EUR/CAD slightly softer in quiet trade.
Confidence and PMI data in focus: February consumer confidence and upcoming PMIs will be key for assessing momentum, shaping near-term CAD to EUR flows.
EUR outlook remains data-dependent: With growth expectations in focus, EUR/CAD is likely to stay range-bound until fresh eurozone indicators provide clearer direction.

Economic news impacting EUR/CAD today

Consumer Confidence

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6050–1.6250 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 19, 2026, the GBP/CAD pair is trading at 1.84109, representing a -0.34% move in the last 24 hours.

GBP/CAD highlights

Sterling extends losses on dovish signals: The pound continues to slide as BoE’s Mann flags rising unemployment risks, keeping GBP/CAD under pressure.
Softer inflation supports easing expectations: Welcoming cooler inflation is reinforcing market pricing for further cuts, limiting upside in CAD to GBP moves.
GBP outlook remains bearish: With rate cut bets building, GBP/CAD may stay biased lower unless incoming data or BoE messaging shifts.

Economic news impacting GBP/CAD today

Retail Sales (Friday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8400–1.8650 range and holding near the lower end of that band with a mildly bearish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On February 19, 2026, the CAD/JPY pair is trading at 113.146, representing a 0.12% move in the last 24 hours.

CAD/JPY highlights

Yen stays pressured near weekly lows: The yen remains close to one-week troughs as renewed fiscal concerns weigh, keeping CAD/JPY supported.
Policy divergence limits deeper JPY losses: BoJ–Fed divergence is helping provide a floor, restraining downside across CAD to JPY moves.
CPI data next key catalyst for JPY tone: With markets cautious ahead of Friday’s inflation release, CAD/JPY is likely to remain range-bound until fresh data shifts expectations.

Economic news impacting CAD/JPY today

Inflation Rate

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 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.

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