Is USD to CAD going up or down?

As of December 17, 2025, the exchange rate for USD to CAD is 1.37827, denoting a 0.23% 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 1.37827, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61805, while the British pound sits around 1.84359 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 112.953, 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 1.37827. 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 0.23% 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

December 17, 2025

Canadian Dollar News - Canadian dollar eases on firmer USD

The US dollar rate today is recovering part of its recent losses, strengthening broadly as markets reposition ahead of a series of Fed speeches, even as softer labour data tempers upside enthusiasm. In contrast, the Canadian dollar rate today is edging slightly lower on the modest USD rebound, though downside remains limited after Governor Macklem struck a hawkish tone, emphasizing that current policy settings remain appropriate. With both currencies guided by central bank rhetoric rather than fresh data shocks, CAD to USD flows remain measured, keeping the exchange rate largely range-bound unless upcoming Fed commentary delivers clearer directional cues.

Today's Global Currency Highlights

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

USD: US dollar recovers part of its recent losses, strengthens broadly despite soft labour market data as markets reposition ahead of a series of Fed speeches.
CAD: Canadian dollar edges lower on a modest USD rebound, losses limited after Macklem strikes a hawkish tone, noting current policy settings remain appropriate.
EUR: Euro trades lower following softer-than-expected Eurozone inflation, German fiscal stimulus and diversification flows curtail deeper losses for now.
GBP: Sterling suffers a sharp pullback after UK headline inflation prints at 3.2% versus a 3.5% forecast, reinforcing expectations of a more dovish BoE.
JPY: Yen comes under renewed pressure despite market confidence that the Bank of Japan is set to raise interest rates at Friday’s policy meeting.
AUD: Australian dollar stays under pressure near recent lows, lacks directional conviction as broader caution persists amid a hawkish RBA stance.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention shifts to a lighter economic calendar, with the FX calendar dominated by speeches from Fed officials Waller, Williams, and Bostic. Markets will be listening closely for any signals on inflation progress and the timing of future rate moves, which could shape near-term direction for the US dollar today. In the absence of major domestic releases, the Canadian dollar today is likely to take its cue from shifts in USD sentiment and broader risk tone, leaving FX moves driven more by central bank rhetoric than hard data.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited near-term conviction, with the Canadian dollar rate today reacting primarily to external drivers as US dollar sentiment shifts ahead of speeches from Fed officials. While the Canadian dollar has edged lower on a modest USD rebound, downside remains contained after Governor Macklem struck a relatively hawkish tone, reinforcing confidence in current policy settings. Until clearer direction emerges from Fed commentary or fresh domestic catalysts, 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 17, 2025, the USD/CAD pair trades at 1.37827, representing a 0.23% move in the last 24 hours.

USD/CAD highlights

USD rebounds ahead of Fed commentary: The US dollar recovers part of its recent losses and strengthens broadly as markets reposition, helping lift USD/CAD despite softer labour market data.
Fedspeak to guide USD direction: With underlying data still mixed, upcoming Fedspeak will be key in determining whether the rebound in CAD to USD rate can extend or fades back into consolidation.
CAD eases on modest USD rebound: The Canadian dollar edges lower as renewed USD strength puts pressure on the loonie, nudging USD/CAD higher in early trade.
Hawkish Macklem limits CAD downside: Losses remain contained after Governor Macklem struck a hawkish tone, noting current policy settings are appropriate, which continues to underpin CAD to USD sentiment.

Economic news impacting USD/CAD today

US Business Inventories
US Fed Waller's Speech
US Fed Williams' Speech
US Fed Bostic's Speech

Daily trading range

USD/CAD today is holding within a 1.3745–1.3835 range as the pair steadies after a modest USD rebound and cautious CAD response.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 17, 2025, the EUR/CAD pair trades at 1.61805, representing a 0.19% move in the last 24 hours.

EUR/CAD highlights

Euro slips on softer inflation data: The euro trades lower after Eurozone inflation undershoots expectations, pulling EUR/CAD off recent highs in early trade.
Fiscal stimulus limits euro downside: Support from German fiscal stimulus plans and diversification flows helps cushion losses, keeping CAD to EUR moves orderly despite weaker price signals.
EUR outlook remains balanced: With policy support offsetting softer inflation, EUR/CAD is likely to remain range-bound until clearer direction emerges from ECB guidance and incoming data.

Economic news impacting EUR/CAD today

ECB Interest Rate Decision (Thursday)
ECB Press Conference (Thursday)

Daily trading range

EUR/CAD today is holding within a 1.6105–1.6195 range as softer Eurozone inflation weighs, while fiscal stimulus and diversification flows limit downside.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 17, 2025, the GBP/CAD pair trades at 1.84359, representing a -0.09% move in the last 24 hours.

GBP/CAD highlights

Sterling retreats after softer inflation print: The pound suffers a sharp pullback after UK headline inflation undershoots expectations, dragging GBP/CAD lower as rate-cut bets gain traction.
Dovish BoE expectations weigh on GBP: The weaker inflation reading reinforces expectations of a more accommodative Bank of England, tempering CAD to GBP demand.
GBP outlook turns data-dependent: With policy expectations shifting, GBP/CAD direction will hinge on upcoming UK data and whether inflation softness proves temporary or persistent.

Economic news impacting GBP/CAD today

BoE Interest Rate Decision (Thursday)
BoE MPC Meeting Minutes (Thursday)

Daily trading range

GBP/CAD today is holding within a 1.8340–1.8440 range as the pair consolidates after the sharp inflation-driven pullback.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 17, 2025, the CAD/JPY pair trades at 112.953, representing a 0.42% move in the last 24 hours.

CAD/JPY highlights

Yen weakens despite BoJ hike expectations: The yen comes under renewed pressure even as markets remain confident the Bank of Japan will raise rates at Friday’s meeting, keeping JPY/CAD tilted lower.
Positioning weighs on near-term JPY moves: With a BoJ hike largely priced in, traders appear reluctant to add fresh yen exposure, shaping cautious CAD to JPY sentiment ahead of the policy outcome.
JPY direction hinges on BoJ follow-through: While tightening expectations offer medium-term support, the immediate path for JPY/CAD will depend on whether the BoJ delivers a hike and signals further normalization.

Economic news impacting CAD/JPY today

Foreign Bonds Buying

Daily trading range

CAD/JPY today is holding within a 112.30–113.20 range as the pair steadies mid-band amid renewed yen pressure despite BoJ hike expectations.

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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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