Is USD to CAD going up or down?

As of January 13, 2026, the exchange rate for USD to CAD is 1.38924, denoting a 0.15% 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 1.38924, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61826, while the British pound sits around 1.86565 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 114.507, 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 1.38924. 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 0.15% 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

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Written by Ash Abbasi

January 13, 2026

Canadian Dollar News - Loonie finds footing as oil gains

The US dollar rate today remains under bearish pressure as investors await the CPI release, with expectations that December inflation is likely to remain broadly stable, limiting fresh USD demand for now. This has kept the near-term CAD to USD rate tilted slightly in favour of the loonie. Meanwhile, the Canadian dollar rate today is finding support from rising oil prices after President Trump threatened a 25% tariff on countries trading with Iran, raising concerns over potential supply disruptions. With Canada’s building permits data next in focus, the exchange rate is likely to remain sensitive to energy markets and incoming 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 under bearish pressure as markets tread cautiously ahead of the CPI release, with expectations that December inflation stayed broadly stable.
CAD: Canadian dollar finds support from rising oil prices after Trump threatens a 25% tariff on countries trading with Iran, building permits data next in focus.
EUR: Euro pulls back from Monday’s highs but holds relatively steady amid a risk-averse backdrop, after the ECB signals no near-term change to its policy stance.
GBP: Sterling retains its overnight gains despite labour-market weakness continues to fuel easing expectations, November GDP data now the key focus for direction.
JPY: Yen plummets to new lows as political uncertainty following calls for an early election weighs, continued caution over BoJ normalization adds headwinds.
AUD: Australian dollar posts a modest pullback as sentiment around the RBA outlook turns more cautious, though USD softness helps keep losses contained.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, focus turns to a busy economic calendar, with key US and Canadian data shaping market direction. Traders will be watching US ADP Employment Change, the Inflation Rate, and New Home Sales for insight into labour conditions, price pressures, and housing momentum, all of which could influence expectations and sentiment around the US dollar today. In Canada, Building Permits will be closely monitored for signals on construction activity, with a stronger print potentially lending support to the Canadian dollar today, while any softness could leave the loonie vulnerable to USD-driven moves.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news suggests a cautious and data-dependent outlook, with the Canadian dollar rate today struggling to gain traction as markets digest a heavy slate of US releases. Attention is split between US inflation, labour and housing data, which are shaping broader USD sentiment, and Canada’s building permits report for signs of domestic momentum. While higher oil prices offer some underlying support, uncertainty around the US inflation outlook is likely to keep the Canadian dollar trading defensively near recent levels unless domestic data delivers a clear upside surprise.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On January 13, 2026, the USD/CAD pair is trading at 1.38924, representing a 0.15% move in the last 24 hours.

USD/CAD highlights

USD stays under pressure ahead of CPI: The US dollar remains on the defensive as markets adopt a cautious stance ahead of the CPI, with expectations that December inflation remained broadly stable.
Inflation data key for USD direction: Any surprise in CPI could quickly reshape rate expectations and determine whether the current bearish tone in the dollar extends or stabilizes.
CAD supported by rising oil prices: The Canadian dollar is finding support as crude prices rise following President Trump’s threat of a 25% tariff on countries trading with Iran.
Building permits next test for CAD: Attention now turns to Canada’s building permits data for confirmation of resilience, which could influence whether the loonie can build on recent support.

Economic news impacting USD/CAD today

US ADP Employment Change Weekly
US Inflation Rate
US New Home Sales
Canada Building Permits

Daily trading range

USD/CAD today is 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 13, 2026, the EUR/CAD pair is trading at 1.61826, representing a -0.03% move in the last 24 hours.

EUR/CAD highlights

Euro eases from recent highs: The euro pulls back from Monday’s highs but remains relatively steady amid a more risk-averse market tone, keeping EUR/CAD broadly range-bound.
ECB policy signals anchor EUR: Reassurance from the ECB that there is no near-term shift in policy is helping limit downside pressure, stabilizing CAD to EUR rate despite softer sentiment.
Range-bound bias persists for EUR: With risk aversion offset by policy clarity, the euro is likely to trade sideways in the near term, leaving EUR/CAD sensitive to broader risk trends.

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 13, 2026, the GBP/CAD pair is trading at 1.86565, representing a -0.14% move in the last 24 hours.

GBP/CAD highlights

Sterling holds onto recent gains: The pound retains its overnight advances despite ongoing labour-market weakness, keeping GBP/CAD supported near recent levels.
Easing expectations cap GBP upside: Persistent softness in UK employment data continues to fuel expectations of monetary easing, limiting further upside in CAD to GBP rate.
GDP data key for next GBP move: November GDP figures are now in focus as the next directional catalyst, with the outcome likely to determine whether GBP/CAD can extend gains or revert to range-bound trade.

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 13, 2026, the CAD/JPY pair is trading at 114.507, representing a 0.54% move in the last 24 hours.

CAD/JPY highlights

Yen sinks on political uncertainty: The yen slides to fresh lows as renewed political uncertainty, following calls for an early election, undermines confidence and pushes CAD/JPY higher.
BoJ normalization caution adds pressure: Continued caution around the pace and scope of Bank of Japan policy normalization is weighing on the currency, keeping CAD to JPY rate skewed toward the upside.
Downside bias remains for JPY: With political risks and policy uncertainty reinforcing each other, the yen is likely to stay under pressure in the near term, leaving CAD/JPY sensitive to shifts in risk sentiment.

Economic news impacting CAD/JPY today

5-Year JGB Auction (Wednesday)

Daily trading range

CAD/JPY today is fluctuating within a recent 114.00–116.00 range and holding near the lower end of that band with a modest upward 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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