Is USD to CAD going up or down?

As of December 22, 2025, the exchange rate for USD to CAD is 1.37666, denoting a -0.21% 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 1.37666, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.6149, while the British pound sits around 1.8499 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.346, 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 1.37666. 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 -0.21% 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.

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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 22, 2025

Canadian Dollar News - Canadian dollar finds support from energy markets

The US dollar rate today remains under pressure in a holiday-shortened week, with steady risk sentiment limiting demand and markets turning to upcoming GDP data for clearer directional cues. In contrast, the Canadian dollar rate today is finding support as rising oil prices, driven by supply disruption concerns, help lift the loonie ahead of Tuesday’s GDP release. With energy markets providing a near-term tailwind for Canada, CAD to USD flows continue to favour the loonie, though conviction remains limited by thin liquidity. For now, the exchange rate is likely to stay range-bound, with traders reluctant to take strong positions until growth data offers fresh confirmation.

Today's Global Currency Highlights

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

USD: US dollar stabilizes after Thursday’s CPI-driven dip, with markets reluctant to read the data as a signal of a more dovish Fed ahead of the PCE price index.
CAD: Canadian dollar edges lower within its weekly range as the USD firms modestly, attention turns to retail sales data expected to be flat at 0% in October.
EUR: Euro trades slightly softer as the greenback regains some footing in a subdued session, ECB’s semi-hawkish tone from yesterday helps limit deeper losses.
GBP: Sterling holds firm near multi-week highs despite another retail sales miss, draws support from a tighter-than-expected split in the BoE’s rate cut vote.
JPY: Yen sinks to fresh multi-month lows even after the anticipated 25 bps rate hike, as Ueda’s lack of clarity on the timing of further action disappoints markets.
AUD: Australian dollar posts modest losses, remains under pressure as the USD attracts mild demand, while support from rising inflation expectations wanes.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to a lighter but still relevant economic calendar, with Canada’s IPPI and RMPI releases offering insight into producer-level price pressures, while US 3-month and 6-month bill auctions feature on the FX calendar as indicators of short-term funding demand. The Canadian dollar today will be watching whether input cost trends signal easing or persistence in inflation pressures, while the US dollar today may take cues from auction demand and broader risk sentiment in a quieter holiday-period session.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited conviction, with the Canadian dollar rate today sensitive to producer price signals from IPPI and RMPI, which will offer clues on upstream inflation pressures. While stable conditions may reinforce expectations that price pressures remain contained, any surprise could shift BoC assumptions. At the same time, US Treasury bill auctions may influence broader USD liquidity and spill over into CAD positioning. Until clearer signals emerge, the loonie is likely to remain range-bound with a cautious bias.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 22, 2025, the USD/CAD pair trades at 1.37666, representing a -0.21% move in the last 24 hours.

USD/CAD highlights

USD remains pressured in thin holiday trade: The US dollar stays under pressure during a holiday-shortened week, with subdued liquidity and steady risk sentiment keeping USD/CAD tilted lower.
GDP data key for USD direction: With few catalysts on the calendar, upcoming GDP data is expected to guide near-term CAD to USD flows and determine whether the greenback can find a floor.
CAD gains on rising oil prices: The Canadian dollar strengthens as oil prices climb on supply disruption concerns, pushing USD/CAD lower in early trade.
GDP release to test CAD momentum:Markets now look ahead to Tuesday’s GDP figures, which will be crucial for confirming whether recent strength in CAD to USD positioning can be sustained.

Economic news impacting USD/CAD today

Canada IPPI
Canada RMPI
US 3-Month Bill Auction
US 6-Month Bill Auction

Daily trading range

USD/CAD today is holding within a 1.3770, holding within a 1.3725–1.3815 range.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 22, 2025, the EUR/CAD pair trades at 1.6149, representing a -0.06% move in the last 24 hours.

EUR/CAD highlights

Euro softens as USD regains footing: The euro trades slightly lower as the US dollar stabilizes in a subdued session, nudging EUR/CAD modestly off recent levels.
ECB tone helps cushion EUR downside: A semi-hawkish message from the ECB continues to provide underlying support, helping steady CAD to EUR rate despite near-term USD strength.
EUR outlook remains balanced: With limited fresh catalysts, EUR/CAD is likely to remain range-bound, as traders balance ECB policy signals against broader USD momentum.

Economic news impacting EUR/CAD today

Consumer Confidence
ECB Lane's Speech

Daily trading range

EUR/CAD today is holding within a 1.6125–1.6190 range as the pair steadies mid-band, with ECB’s semi-hawkish tone helping to limit downside.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 22, 2025, the GBP/CAD pair trades at 1.8499, representing a 0.20% move in the last 24 hours.

GBP/CAD highlights

Sterling holds near multi-week highs: The pound remains well supported near recent peaks despite another miss in UK retail sales, keeping GBP/CAD elevated in early trade.
BoE vote split underpins GBP sentiment: A tighter-than-expected split in the BoE’s rate cut vote reinforces a less dovish outlook, supporting CAD to GBP rate as markets reassess easing expectations.
GBP resilience offsets soft data: While near-term data remains uneven, policy dynamics are helping the pound hold its ground, leaving GBP/CAD sensitive to further BoE commentary and shifts in risk sentiment.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions

Daily trading range

GBP/CAD today is holding within a 1.8405–1.8485 range as the pair consolidates near multi-week highs.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 22, 2025, the CAD/JPY pair trades at 114.346, representing a 0.06% move in the last 24 hours.

CAD/JPY highlights

Yen weakens despite BoJ rate hike: The yen sinks to fresh multi-month lows even after the expected 25 bps hike, pushing JPY/CAD lower as markets question the durability of Japan’s tightening cycle.
Ueda’s lack of guidance disappoints markets: Governor Ueda’s lack of clarity on the timing of further action dampens confidence, supporting CAD to JPY as investors favour currencies with clearer policy paths.
JPY outlook remains fragile: With policy uncertainty lingering, JPY/CAD stays vulnerable to further downside unless the BoJ delivers stronger guidance on follow-up tightening steps.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is holding within a 113.30–114.60 range as the pair pushes toward the upper band.

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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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