Is USD to CAD going up or down?

As of January 14, 2026, the exchange rate for USD to CAD is 1.38791, denoting a -0.04% 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 1.38791, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61654, while the British pound sits around 1.86575 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.275, 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 1.38791. 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 -0.04% 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

January 14, 2026

Canadian Dollar News - Loonie supported by rising oil prices

The USD/CAD exchange rate is trading with a softer tone as markets digest the latest inflation signals from the US. The US dollar rate today remains under pressure after CPI data showed inflation holding steady, reinforcing expectations that the Federal Reserve is likely to keep rates on hold for now. Attention is shifting toward upcoming US retail sales data for fresh insight into consumer demand and the durability of the current policy stance, which will be key for near-term CAD to USD direction. Meanwhile, the Canadian dollar rate today is finding support from rising crude oil prices, as heightened geopolitical tensions have pushed energy markets to multi-week highs. With oil providing a clear tailwind for the loonie, the exchange rate is likely to remain sensitive to developments in energy prices and incoming US data rather than breaking decisively out of its recent range.

Today's Global Currency Highlights

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

USD: US dollar remains soft after CPI data showed inflation steady and reinforcing views that the Fed will hold rates for now, eyes on retails sales data.
CAD:Canadian dollar finds support from rising crude as geopolitical tensions boost oil prices to multi-week highs.
EUR:Euro holds steady as easing inflation across the Eurozone strengthens expectations that the ECB is nearing the end of its rate-cutting cycle.
GBP:Sterling holds gains as pound strengthens on BoE comments, with markets turning cautious ahead of key UK GDP data due Thursday.
JPY: Yen strengthens but upside remains capped as speculation over an early Japanese election tempers market confidence.
AUD:Australian dollar remains under pressure but finds tentative support as strong building permits revive expectations of further RBA rate hikes.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, attention turns to a busy economic calendar, with US data taking centre stage. Markets will be watching US Retail Sales, PPI, Existing Home Sales, and Business Inventories for insight into consumer demand, inflation pressures, and overall economic momentum, all of which could shape sentiment around the US dollar today. With no major domestic releases scheduled, moves in the Canadian dollar today are likely to be driven by USD dynamics and broader risk sentiment, leaving the loonie sensitive to any surprises in the US data.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautious and externally driven outlook, with the Canadian dollar rate today struggling to gain traction as markets focus on a heavy slate of US data. With US retail sales, producer prices, and housing indicators in focus, USD dynamics and broader risk sentiment are likely to guide near-term CAD moves. In the absence of fresh domestic catalysts, the Canadian dollar is expected to trade defensively unless shifts in global risk appetite or US data materially alter the outlook.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On January 14, 2026, the USD/CAD pair is trading at 1.38791, representing a -0.04% move in the last 24 hours.

USD/CAD highlights

USD stays soft after steady CPI: The US dollar remains under pressure after CPI data showed inflation holding steady.
Retail sales key for USD direction: Attention now turns to upcoming US retail sales data, which could determine whether the dollar’s soft tone persists or stabilises.
CAD supported by rising crude prices:The Canadian dollar is finding support as geopolitical tensions push oil prices to multi-week highs, lifting energy-linked sentiment.
Oil strength underpins CAD outlook:With crude prices firm, energy market dynamics are helping offset broader FX headwinds and provide a near-term floor for the loonie.

Economic news impacting USD/CAD today

US Retail Sales
US PPI
US Existing Home Sales
US Business Inventories

Daily trading range

USD/CADpair trades at 1.38869, fluctuating within a recent 1.3800–1.3950 range and holding near the upper end of that band with a modest upward bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On January 14, 2026, the EUR/CAD pair is trading at 1.61654, representing a -0.00% move in the last 24 hours.

EUR/CAD highlights

Euro steadies on easing inflation trend:The euro holds a stable tone as softer inflation across the Eurozone reinforces confidence that the ECB is approaching the end of its rate-cutting cycle.
Policy expectations underpin EUR sentiment:Growing belief that ECB easing is nearing completion is helping anchor the single currency, lending stability to CAD to EUR flows despite broader market caution.
Range-bound bias persists for EUR: With inflation trends improving but growth risks lingering, the euro is likely to trade sideways in the near term.

Economic news impacting EUR/CAD today

Spain Inflation Rate
France Inflation Rate

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the upper end of that band with a modest upward bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On January 14, 2026, the GBP/CAD pair is trading at 1.86575, representing a 0.13% move in the last 24 hours.

GBP/CAD highlights

Sterling holds gains on BoE support:The pound remains firm as recent Bank of England comments underpin confidence, helping GBP/CAD hold near recent highs.
Caution builds ahead of UK GDP:Markets are turning more cautious ahead of Thursday’s UK GDP release, which could shape near-term CAD to GBP flows.
Range trade likely near term: With policy support offset by data risk, sterling is likely to trade sideways in the near term, leaving GBP/CAD sensitive to the GDP outcome rather than broader risk sentiment alone.

Economic news impacting GBP/CAD today

BoE Ramsden Speech

Daily trading range

GBP/CAD is fluctuating within a recent 1.8600–1.8800 range and holding near the upper end of that band with a modest upward bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On January 14, 2026, the CAD/JPY pair is trading at 114.275, representing a -0.27% move in the last 24 hours.

CAD/JPY highlights

Range-bound bias persists for JPY: With political uncertainty offsetting supportive flows, the yen is likely to remain range-bound in the near term, leaving CAD/JPY sensitive to shifts in risk sentiment.
Yen firms on cautious positioning:The yen strengthens modestly as markets adopt a more defensive stance, applying mild downward pressure on CAD/JPY.
Election speculation caps JPY upside: Ongoing speculation around a potential early Japanese election is tempering confidence, limiting follow-through in the yen and keeping CAD to JPY moves contained.

Economic news impacting CAD/JPY today

PPI (Thursday)

Daily trading range

CAD/JPY today is fluctuating within a recent 113.50–115.50 range and holding near the middle of that band with a neutral 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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