Is USD to CAD going up or down?

As of December 19, 2025, the exchange rate for USD to CAD is 1.37974, denoting a 0.19% 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 1.37974, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61567, while the British pound sits around 1.84468 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.005, 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 1.37974. 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 0.19% 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

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Written by Ash Abbasi

December 19, 2025

Canadian Dollar News - CAD softens slightly as markets reassess USD momentum

The US dollar rate today is stabilizing after Thursday’s CPI-driven dip, with markets reluctant to interpret the data as a clear signal of a more dovish Fed ahead of the closely watched PCE price index. Against this backdrop, the Canadian dollar rate today is edging lower but remains confined within its weekly range as the modest USD rebound limits upside momentum. Attention now turns to Canada’s retail sales data, expected to come in flat at 0% for October, which could influence near-term positioning. With neither side presenting a decisive catalyst, the CAD to USD exchange rate remains measured, keeping the pair largely range-bound unless upcoming inflation or consumption data delivers a meaningful surprise.

Today's Global Currency Highlights

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

USD: US dollar struggles to attract fresh demand ahead of the CPI release, markets expect inflation to hold steady in November, complicating the Fed’s policy calculus.
CAD: Loonie steadies after giving back part of its weekly gains, as broadly stable November inflation eases pressure on the BoC, softer oil prices remain a headwind.
EUR: Euro edges lower in early trade as investors turn cautious ahead of an expected ECB rate hold, focus on President Lagarde’s remarks and updated economic forecasts.
GBP: Sterling posts solid gains after the BoE delivers a widely anticipated 25 bps cut, taking the policy rate down to 3.75%, eyes on Governor Bailey’s speech.
JPY: Yen stays under pressure near weekly lows as bulls remain sidelined ahead of the BoJ meeting, although expectations of an imminent hike help limit further losses.
AUD: Aussie remains subdued despite rising odds of an RBA rate hike, with Consumer Inflation Expectations climbing to 4.7% in December providing modest support.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets are bracing for a heavy-hitting economic calendar led by the ECB interest rate decision, US CPI and Initial Jobless Claims, and the Bank of Japan’s policy verdict. These events dominate the FX calendar and are expected to drive sharp moves across major currencies. The Canadian dollar today will be watching spillover effects from global central bank signals and inflation trends, while the US dollar today remains highly sensitive to CPI data that could reshape expectations for the Fed’s next policy steps. With multiple central banks in focus, traders are positioning cautiously ahead of potential volatility.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited near-term conviction as markets digest major global events, including US CPI and key central bank decisions from the ECB and the Bank of Japan. With the Canadian dollar rate today lacking a strong domestic catalyst, CAD direction is increasingly tied to how US inflation data reshapes Fed expectations and broader risk appetite. Until volatility from global policy signals fades, the loonie is likely to remain range-bound, reacting more to external drivers than local fundamentals.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 19, 2025, the USD/CAD pair trades at 1.37974, representing a 0.19% move in the last 24 hours.

USD/CAD highlights

USD struggles ahead of key inflation test: The US dollar finds it difficult to attract fresh demand as markets position cautiously ahead of the CPI release, keeping USD/CAD confined.
CPI outcome key for USD direction: With inflation expectations finely balanced, the CPI print is set to shape near-term CAD to USD rate, potentially clarifying the Fed’s next policy steps.
CAD steadies after recent pullback: The loonie stabilizes after giving back part of its weekly gains, leaving USD/CAD range-bound as markets digest broadly stable November inflation.
Oil softness caps CAD upside: While easing inflation pressure reduces urgency for further BoC tightening, softer oil prices continue to weigh on sentiment.

Economic news impacting USD/CAD today

US Inflation Rate
US Initial Jobless Claims
US Philadelphia Fed Manufacturing Index

Daily trading range

USD/CAD today is holding within a 1.3735–1.3820 range as the pair consolidates amid caution and steady CAD sentiment.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 19, 2025, the EUR/CAD pair trades at 1.61567, representing a 0.04% move in the last 24 hours.

EUR/CAD highlights

Euro softens ahead of ECB decision: The euro edges lower in early trade as investors turn cautious before an expected ECB rate hold, keeping EUR/CAD under mild pressure.
Lagarde’s tone key for EUR direction: Markets are focused on President Lagarde’s remarks and updated forecasts, which could influence expectations and shift CAD to EUR rate.
ECB guidance to drive near-term volatility: With policy rates likely unchanged, any adjustment in forward guidance may dictate the next move in EUR/CAD as traders reassess the euro’s outlook.

Economic news impacting EUR/CAD today

ECB Interest Rate Decision
ECB Press Conference

Daily trading range

EUR/CAD today is holding within a 1.6105–1.6185 range as the pair remains subdued ahead of Lagarde’s guidance.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 19, 2025, the GBP/CAD pair trades at 1.84468, representing a 0.08% move in the last 24 hours.

GBP/CAD highlights

Sterling rallies after BoE rate cut: The pound posts solid gains after the Bank of England delivers a widely anticipated 25 bps cut to 3.75%, lifting GBP/CAD as markets focus on the policy outlook.
Guidance in focus after policy move: Attention now turns to Governor Bailey’s speech for clues on the pace of further easing, which could influence near-term CAD to GBP positioning.
GBP momentum hinges on BoE tone: While the initial reaction favours the pound, GBP/CAD direction will depend on whether the BoE signals a gradual or more aggressive path for future rate cuts.

Economic news impacting GBP/CAD today

Consumer Confidence

Daily trading range

GBP/CAD today is holding within a 1.8400–1.8500 range as the pair steadies toward the upper band.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 19, 2025, the CAD/JPY pair trades at 114.005, representing a 1.00% move in the last 24 hours.

CAD/JPY highlights

Yen remains pressured ahead of BoJ meeting: The yen stays near weekly lows as investors remain cautious ahead of the Bank of Japan decision, keeping JPY/CAD tilted lower in early trade.
Hike expectations limit deeper losses: While near-term sentiment is fragile, growing expectations of an imminent BoJ rate hike are helping cap downside, influencing CAD to JPY positioning.
JPY direction hinges on policy outcome: With bulls sidelined for now, JPY/CAD is likely to remain sensitive to BoJ guidance, as any shift in tone could quickly alter yen momentum.

Economic news impacting CAD/JPY today

BoJ Interest Rate Decision
National CPI

Daily trading range

CAD/JPY today is holding within a 112.40–113.40 range as the pair steadies near the upper half amid cautious positioning.

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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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