Is USD to CAD going up or down?

As of March 13, 2026, the exchange rate for USD to CAD is 1.3718, denoting a 0.59% 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 1.3718, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.566, while the British pound sits around 1.81416 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 116.409, 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 1.3718. 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 0.59% 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

March 13, 2026

Canadian Dollar News - CAD dips as safe-haven flows lift USD

CAD weakens as surging USD dominates, while oil offers limited support to the loonie. The US dollar rate today has surged to multi-week highs as escalating Middle East tensions reignite concerns that persistent inflation could keep the Federal Reserve constrained on policy easing. Safe-haven demand for the greenback has strengthened amid the ongoing conflict, with markets now turning their attention to the upcoming Core PCE release to assess how much room the Fed has to shift toward rate cuts. Meanwhile, the Canadian dollar rate today has dropped sharply against its US counterpart as renewed demand for the greenback drives the CAD to USD exchange rate higher. Although elevated crude prices continue to provide some support to the commodity-linked currency, that tailwind has been overshadowed by broad USD strength. Investors are also watching upcoming Canadian labour data, with expectations that unemployment may rise to around 6.6%, a development that could further influence the exchange rate outlook in the near term.

Today's Global Currency Highlights

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

USD: US dollar surges to multi-week highs as the grinding Middle East war rekindles inflation fears, eyes on Core PCE to gauge how much the Fed's hands are tied.
CAD: Loonie drops sharply under fresh safe-haven USD demand despite elevated oil providing a floor, jobs data expected to show unemployment ticking up to 6.6%.
EUR: Euro slides to its weakest since August as the conflict-driven energy surge raises supply concerns for the bloc, dismal industrial figures pile on pressure.
GBP: Sterling sinks as flat January GDP hardens the stagflation narrative and snuffs out any BoE rate cut hopes, the Middle East conflict deepens economic concerns.
JPY: Yen inches toward new lows despite Finance Minister Katayama putting markets on intervention notice, Ueda's hawkish pivot fails to inspire any meaningful demand.
AUD: Aussie extends its slide as surging oil and safe-haven USD flows overwhelm the bulls, geopolitics continues to dwarf RBA's hawkish tilt as a supportive factor.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, traders are closely following the economic calendar as several high-impact releases from both the United States and Canada are set to guide market direction. US indicators, including GDP, the Core PCE Price Index, and JOLTs Job Openings, will be scrutinized for signals on inflation pressures and labour market strength, factors that could influence expectations for Federal Reserve policy and shape sentiment toward the US dollar today. Meanwhile, Canada’s Employment Change and Unemployment Rate will play a crucial role in determining the near-term outlook for the Canadian dollar today. A stronger labour market reading could support the loonie, while signs of weakening employment conditions may reinforce volatility in daily FX trading as investors reassess growth and policy expectations.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautious outlook as the Canadian dollar rate today remains under pressure amid strong US dollar demand and heightened geopolitical risks. The loonie has weakened against its US counterpart despite elevated oil prices, as safe-haven flows into the greenback continue to dominate broader currency markets. While higher crude prices typically support Canada’s commodity-linked currency, that tailwind has been overshadowed by the recent surge in the US dollar. Looking ahead, Canada’s upcoming employment data will be closely watched, with expectations that the unemployment rate could edge higher toward 6.6%. If labour market weakness materializes, it could add further pressure on the Canadian dollar rate today, leaving the currency vulnerable to continued volatility in the near term.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On March 13, 2026, the USD/CAD pair is trading at 1.3718, representing a 0.59% move in the last 24 hours.

USD/CAD highlights

USD rallies on renewed safe-haven demand: The US dollar surges to multi-week highs as the ongoing Middle East conflict revives inflation concerns and drives investors toward safe-haven assets, lifting USD/CAD.
Core PCE in focus for USD direction: Markets are now turning to the upcoming Core PCE release to gauge how constrained the Federal Reserve may be on policy easing, a key driver for near-term CAD to USD flows.
Loonie drops as USD strength dominates: The Canadian dollar falls sharply under strong safe-haven demand for the greenback, pushing USD/CAD higher despite underlying commodity support.
Jobs data eyed for next CAD catalyst: Investors are watching Canada’s employment report closely, with expectations that unemployment may rise to around 6.6%, a development that could influence CAD to USD momentum.

Economic news impacting USD/CAD today

Canada Employment Change
Canada Unemployment Rate
US GDP
US Core PCE Price Index
US JOLTs Job Openings

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3600–1.3800 range and holding near the middle of that band with a modest upward bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On March 13, 2026, the EUR/CAD pair is trading at 1.566, representing a -0.22% move in the last 24 hours.

EUR/CAD highlights

Euro slides to multi-month lows on energy concerns: The euro drops to its weakest level since August as rising energy prices tied to geopolitical tensions heighten supply risks for the eurozone, pushing EUR/CAD lower.
Weak industrial data deepens euro pressure: Dismal industrial figures from the eurozone reinforce concerns about slowing economic momentum, leaving CAD to EUR flows tilted toward the Canadian dollar.
Energy shock clouds eurozone outlook: Surging energy costs are adding strain to the bloc’s growth outlook, keeping EUR/CAD under pressure as investors remain cautious toward the euro.

Economic news impacting EUR/CAD today

CFTC EUR speculative net positions

Daily trading range

EUR/CAD today is fluctuating within a recent 1.5550–1.5750 range and holding near the middle of that band with a modestly cautious bias.

Save more on the EUR/CAD exchange rate.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On March 13, 2026, the GBP/CAD pair is trading at 1.81416, representing a -0.27% move in the last 24 hours.

GBP/CAD highlights

Sterling weakens as growth concerns intensify: The pound sinks after January GDP came in flat, reinforcing stagflation fears and pushing GBP/CAD lower as investors reassess the UK growth outlook.
Stagflation narrative weighs on sterling sentiment: Persistent concerns over weak growth alongside sticky inflation continue to pressure the currency, keeping CAD to GBP flows cautious.
Geopolitical tensions add to sterling headwinds: The ongoing Middle East conflict deepens global economic uncertainty, further limiting upside momentum for the pound and keeping GBP/CAD under pressure.

Economic news impacting GBP/CAD today

CFTC GBP speculative net positions

Daily trading range

GBP/CAD is fluctuating within a recent 1.8000–1.8250 range and holding near the lower end of that band with a modest downward bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On March 13, 2026, the CAD/JPY pair is trading at 116.409, representing a -0.37% move in the last 24 hours.

CAD/JPY highlights

Yen weakens despite intervention warnings: The Japanese yen inches closer to new lows even as Finance Minister Katayama warns of potential intervention, allowing CAD/JPY to remain elevated.
Policy signals fail to lift yen demand: Bank of Japan Governor Ueda’s hawkish pivot has so far failed to attract meaningful buying interest, keeping CAD to JPY flows tilted toward the Canadian dollar.
Persistent weakness keeps yen under pressure: With markets unconvinced by policy signals and intervention rhetoric, the yen continues to struggle for traction, leaving JPY/CAD biased toward the upside.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is fluctuating within a recent 115.50–117.50 range and holding near the middle of that band with a modestly steady 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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