Is USD to CAD going up or down?

As of February 18, 2026, the exchange rate for USD to CAD is 1.36957, denoting a 0.44% 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 1.36957, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61415, while the British pound sits around 1.84903 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.024, 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 1.36957. 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 0.44% 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.

Get currency alerts delivered straight to your inbox.

Set an alert

Written by Ash Abbasi

February 18, 2026

Canadian Dollar News - CAD pares losses as BoC outlook shifts

USD/CAD performance is holding in a mixed and cautious range, with the US dollar rate today trading unevenly as investors avoid large positions ahead of key durable goods and housing releases, alongside the closely watched FOMC meeting minutes. This wait-and-see stance is keeping the exchange rate supported but lacking clear directional momentum. Meanwhile, the Canadian dollar rate today is paring some of its CPI-driven losses as the USD fails to extend its advance, though renewed vulnerability is emerging as markets raise expectations for potential BoC rate cuts. Until fresh US data and central bank signals provide clearer guidance, CAD to USD is likely to remain range-bound and highly reactive to shifting policy expectations.

Today's Global Currency Highlights

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

USD: US dollar trades mixed as investors avoid large positions ahead of durable goods and housing data, alongside the closely watched FOMC meeting minutes.
CAD: Loonie pares CPI-driven losses as the USD fails to extend its advance, but renewed vulnerability emerges as markets raise BoC rate cut bets.
EUR: Euro remains on the defensive amid a modest USD rebound as reports that ECB President Lagarde may step down before the end of term add pressure.
GBP: Sterling edges higher but remains vulnerable to swings after UK inflation cools to 3% YoY, strengthening expectations of a more dovish BoE stance.
JPY: Yen continues to oscillate within its recent range as the bearish tone returns, with weak GDP data reviving concerns over Japan’s fiscal stability.
AUD: Aussie retreats from record highs as the USD attracts fresh demand, divergent Fed–RBA outlooks continue to lend support ahead of employment data.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to a packed US-heavy economic calendar, with key releases on the FX calendar set to drive near-term direction. Durable goods orders will offer insight into business investment trends, while building permits and housing starts will provide a fresh read on the strength of the US housing sector. Later, the FOMC meeting minutes will be closely scrutinized for signals on the Fed’s policy outlook, shaping sentiment around the US dollar today. For the Canadian dollar today, spillover from USD moves will remain the dominant driver, keeping CAD sensitive to shifts in rate expectations and broader risk tone following these high-impact US events.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously neutral outlook, with the Canadian dollar rate today likely to remain range-bound as markets take their cue from major US releases and shifting Fed expectations. With durable goods, housing data, and the FOMC minutes in focus, the loonie’s near-term direction will depend largely on how the US dollar today reacts and whether broader risk sentiment stays supportive. Unless domestic catalysts emerge or commodity prices move sharply, the Canadian dollar is expected to drift rather than establish a clear trend.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 18, 2026, the USD/CAD pair is trading at 1.36957, representing a 0.44% move in the last 24 hours.

USD/CAD highlights

USD trades cautiously ahead of key data: The US dollar remains mixed as investors stay sidelined before durable goods and housing releases, keeping USD/CAD range-bound.
FOMC minutes next driver for USD tone: Markets are focused on the meeting minutes for fresh policy cues, which could reshape near-term CAD to USD flows.
CAD recovers CPI-driven losses: The loonie pares recent weakness as the greenback fails to extend gains, helping stabilise USD/CAD.
BoC cut bets reintroduce downside risk for CAD: Renewed expectations for BoC easing are weighing on sentiment, leaving CAD to USD vulnerable despite the recent rebound.

Economic news impacting USD/CAD today

US Durable Goods Orders
US Housing Starts
US Building Permits
US FOMC Meeting Minutes

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3600–1.3750 range and holding near the lower-middle of that band with a modest neutral-to-soft bias.

Looking for the best USD/CAD exchange rate?

Convert CAD to USD

EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 18, 2026, the EUR/CAD pair is trading at 1.61415, representing a -0.08% move in the last 24 hours.

EUR/CAD highlights

Euro stays pressured on firmer USD tone: The euro remains on the defensive as a modest rebound in the dollar weighs on EUR/CAD.
Lagarde speculation adds to EUR softness: Reports that ECB President Lagarde may step down early are increasing uncertainty, limiting upside in CAD to EUR moves.
EUR outlook remains cautious: With political and leadership uncertainty in play, EUR/CAD may stay biased lower unless clarity improves.

Economic news impacting EUR/CAD today

ECB Schnabel's Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the middle of that band with a mildly soft bias.

Save more on the EUR/CAD exchange rate.

Convert CAD to EUR

GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On February 18, 2026, the GBP/CAD pair is trading at 1.84903, representing a 0.02% move in the last 24 hours.

GBP/CAD highlights

Sterling ticks higher but remains fragile: The pound edges up modestly, though GBP/CAD remains prone to volatility.
Cooling inflation boosts dovish BoE expectations: UK inflation easing to 3% YoY is reinforcing expectations of a softer BoE stance, limiting upside in CAD to GBP moves.
GBP outlook remains capped by easing bets: With rate cut speculation building, GBP/CAD may struggle to sustain gains unless policy signals shift.

Economic news impacting GBP/CAD today

Industrial Trends Orders (Thursday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8450–1.8700 range and holding near the lower-middle of that band with a mildly soft bias.

Don't overpay on CAD to GBP exchange rate.

Convert CAD to GBP

CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On February 18, 2026, the CAD/JPY pair is trading at 113.024, representing a 0.60% move in the last 24 hours.

CAD/JPY highlights

Yen stays range-bound but softens: The yen continues to oscillate within its recent band as a bearish tone re-emerges, keeping CAD/JPY supported.
Weak GDP revives fiscal concerns: Softer growth data is renewing worries over Japan’s fiscal stability, limiting demand across CAD to JPY moves.
JPY outlook remains cautious: With sentiment fragile, CAD/JPY is likely to stay biased higher unless Japan’s data backdrop improves.

Economic news impacting CAD/JPY today

Core Machinery Orders

Daily trading range

CAD/JPY today is fluctuating within a recent 112.00–114.50 range and holding near the lower end of that band with a mildly defensive bias.

Get bank-beating CAD to JPY exchange rates.

Convert CAD to JPY

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.

Useful links

FX Weekly Market Updates

CAD Monthly Currency Forecast

USD Monthly Forecast Report

CAD 5 Bank Forecast

Read our latest blogs

A panoramic view of Puerto Vallarta's coastline, featuring sandy beaches, the Pacific Ocean, and the city's vibrant buildings nestled between lush green hills.

Retire Overseas Mexico

Top 10 Places for Canadians Retiring in Mexico

FAQs - FX Daily