Is USD to CAD going up or down?

As of April 13, 2026, the exchange rate for USD to CAD is 1.38328, 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 1.38328, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61821, while the British pound sits around 1.85998 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 115.476, 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 1.38328. 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.

★Rated Excellent on Trustpilot

FINTRAC Regulated

Trusted Since 1996

Same-Day Wires

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

April 13, 2026

Canadian Dollar News - CAD caught between surging crude and risk-off mood

USD/CAD pushes higher as geopolitical tensions revive demand for the greenback, while stronger oil prices help cushion downside pressure on the loonie. The US dollar rate today has surged to a one-week high after US-Iran peace talks collapsed and reports of a US naval blockade on Iranian ports triggered a fresh wave of safe-haven demand. Some of those gains have eased as markets assess the scope and broader implications of the blockade, but sentiment remains supportive for the greenback. Meanwhile, the Canadian dollar rate today is caught between opposing forces, with crude oil prices above $100 providing an important source of support while the wider risk-off backdrop limits stronger upside momentum. As a result, the CAD to USD exchange rate is tilting higher in the near term, with geopolitical uncertainty and commodity strength pulling the exchange rate in opposite directions.

Today's Global Currency Highlights

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

USD: US dollar surges to a one-week high as US-Iran peace talks collapse and the US Navy moves to blockade Iranian ports, though gains pare as markets assess the blockade's scope.
CAD: Loonie is caught between competing forces as surging crude above $100 provides a floor, while the broad risk-off shift from failed peace talks caps meaningful gains.
EUR: Euro attempts to claw back its opening-week losses but trades in the red as USD stays resilient, while Europe's heavy energy import dependence keeps the recovery fragile.
GBP: Sterling gives up recovery gains after opening the week with a surge, with any rebound remaining shallow as Middle East uncertainty and risk aversion weigh heavily.
JPY: Yen struggles to benefit from the risk-off mood as Ueda stops short of a clear April hike signal, with market odds of a hike dropping sharply on the blockade escalation.
AUD: Aussie bears the brunt of the weekend's geopolitical shock, falling as much as 1% at the open before partially recovering as markets digest the scope of the US blockade.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets are turning to a lighter but still meaningful economic calendar, with Canada’s Building Permits and US Existing Home Sales in focus for near-term direction. The FX calendar highlights Canada’s housing data as a gauge of construction activity and domestic investment momentum, where a stronger reading could offer support to the Canadian dollar today by signalling resilience in the property sector. Meanwhile, US Existing Home Sales will be watched for clues on consumer demand and housing market conditions, factors that could influence sentiment around the US dollar today. Together, these releases may shape cross-border currency flows as traders assess the relative economic strength between Canada and the United States.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a balanced but cautious outlook, with the Canadian dollar rate today supported by surging oil prices even as broader market risk aversion limits stronger gains. Crude above $100 is providing an important tailwind for the loonie, helping offset pressure from rising geopolitical tensions and defensive positioning in global markets. At the same time, investors remain alert to domestic data for signs of economic resilience that could reinforce support. As a result, the Canadian dollar is likely to remain range-bound in the near term, with direction dependent on the balance between commodity strength and external risk sentiment.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On April 13, 2026, the USD/CAD pair is trading at 1.38328, representing a -0.04% move in the last 24 hours.

USD/CAD highlights

USD jumps on renewed safe-haven demand: The US dollar surges to a one-week high after US-Iran peace talks collapse, with rising geopolitical tension driving defensive flows and lifting USD/CAD..
Blockade uncertainty tempers further USD gains: While the greenback rallies, some upside is fading as markets assess the scope and potential economic fallout of the naval blockade, keeping CAD to USD moves volatile.
CAD supported by oil surge above $100: The Canadian dollar finds an important floor as crude prices jump sharply, helping offset broader risk-off pressure and stabilizing USD/CAD.
Risk aversion caps stronger CAD recovery: Despite stronger oil prices, the loonie remains constrained as geopolitical uncertainty boosts demand for safer assets, limiting upside in CAD to USD flows.

Economic news impacting USD/CAD today

US Existing Home Sales
Canada Building Permits

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3780–1.3920 range and holding near the lower end of that band with a modest downward 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 April 13, 2026, the EUR/CAD pair is trading at 1.61821, representing a -0.26% move in the last 24 hours.

EUR/CAD highlights

Euro attempts rebound but remains under pressure: The euro tries to recover from early-week losses, though persistent US dollar strength is keeping EUR/CAD subdued and limiting upside momentum.
Resilient USD weighs on EUR sentiment: Ongoing demand for the greenback is preventing a stronger euro recovery, keeping moves in CAD to EUR cautious in the near term.
Energy dependence leaves EUR outlook fragile: Europe’s reliance on imported energy continues to act as a headwind, making the euro more vulnerable to geopolitical shocks and capping gains in EUR/CAD.

Economic news impacting EUR/CAD today

ECB De Guindo's Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6080–1.6250 range and holding near the upper end of that band with a mild upward 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 April 13, 2026, the GBP/CAD pair is trading at 1.85998, representing a -0.17% move in the last 24 hours.

GBP/CAD highlights

Sterling surrenders early gains as risk mood deteriorates: The British pound gives back its opening-week rally as renewed caution weighs on sentiment, pulling GBP/CAD lower from recent highs.
Middle East tensions cap GBP recovery: Ongoing geopolitical uncertainty is limiting risk appetite, keeping the pound’s rebound shallow and restricting upside in GBP/CAD..
Risk aversion weighs on sterling outlook: Defensive market positioning is pressuring the pound, leaving CAD to GBP flows cautious in the near term.

Economic news impacting GBP/CAD today

BRC Retail Sales Montior (Tuesday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8480–1.8680 range and holding near the mid-to-upper end of that band with a neutral-to-slightly upward 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 April 13, 2026, the CAD/JPY pair is trading at 115.476, representing a 0.38% move in the last 24 hours.

CAD/JPY highlights

Yen fails to capitalize on risk-off sentiment: The Japanese yen struggles to gain despite broader market caution, leaving moves in CAD/JPY relatively resilient.
Ueda’s cautious tone weighs on JPY: Lack of a clear April hike signal from Governor Ueda has reduced support for the yen, limiting upside across JPY crosses.
Rate hike odds fall after escalation: Rising geopolitical tensions and blockade concerns have sharply lowered expectations of near-term tightening, keeping CAD to JPY flows supported.

Economic news impacting CAD/JPY today

Industrial Production (Tuesday)

Daily trading range

CAD/JPY today is fluctuating within a recent 114.50–116.00 range and holding near the upper end of that band with a mild upward 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