Is USD to CAD going up or down?

As of December 15, 2025, the exchange rate for USD to CAD is 1.37645, 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 1.37645, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61949, while the British pound sits around 1.84335 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 112.527, 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 1.37645. 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

December 15, 2025

Canadian Dollar News - Loonie struggles to lift despite softer USD

The US dollar rate today remains under pressure as renewed calls for deeper Fed rate cuts weigh on sentiment, with markets now turning to November nonfarm payrolls for fresh guidance on the policy outlook. Despite the softer backdrop for the greenback, the Canadian dollar rate today is struggling to gain traction, as investors stay sidelined ahead of November CPI data for clearer signals on domestic inflation. With both sides lacking a decisive catalyst, CAD to USD movements remain subdued, leaving the exchange rate largely range-bound until upcoming labour and inflation releases provide clearer direction.

Today's Global Currency Highlights

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

USD:US dollar stays under pressure as Trump pushes for deeper Fed rate cuts, with markets awaiting November NFP data for fresh policy cues.
CAD:Canadian dollar struggles to gain traction despite USD softness, with markets sidelined ahead of November CPI data for signals on inflation.
EUR:Euro holds in narrow range as markets await Thursday’s ECB meeting, wary of signals on whether the rate-cut cycle is truly over.
GBP:Sterling started to gain traction on week US dollar, eyes on UK monthly employment on Wednesday , UK inflation figures on Wednesday and Bank of England (BoE) policy decision on Thursday.
JPY:Yen strengthens following upbeat Q4 Tankan survey data, with markets increasingly pricing in a 25 bps BoJ rate hike to 0.75% this week.
AUD:Aussie struggles amid deepening signs of China’s economic slowdown, after November retail sales and industrial output growth fell short of expectations.

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 featuring Canada’s Housing Starts and CPI data alongside a scheduled speech from FOMC member John Williams. These releases sit prominently on the FX calendar, offering fresh insight into inflation pressures and housing momentum north of the border. The Canadian dollar today will be sensitive to whether CPI confirms easing or persistent price pressures, while the US dollar today may react to any policy signals from Williams regarding the Fed’s rate outlook.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news highlights a market on hold as investors await Canada’s CPI and housing starts data, leaving the Canadian dollar rate today sensitive to any surprise in inflation or construction activity. At the same time, commentary from FOMC member Williams could influence USD direction and spill over into CAD positioning. Until clearer signals emerge from both inflation data and central bank rhetoric, the loonie is likely to remain range-bound with a cautious bias.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 15, 2025, the USD/CAD pair trades at 1.37645, representing a -0.04% move in the last 24 hours.

USD/CAD highlights

USD remains under pressure: The US dollar stays on the back foot as renewed calls for deeper Fed rate cuts weigh on sentiment, keeping USD/CAD biased lower in early trade.
NFP data key for next USD move: Markets now look to November nonfarm payrolls for clearer policy signals, with the outcome likely to shape near-term CAD to USD flows and broader USD direction.
CAD fails to capitalize on softer USD: The Canadian dollar struggles to gain traction despite ongoing USD weakness, leaving USD/CAD largely range-bound as investors stay cautious.
CPI data to guide CAD direction: With markets sidelined ahead of November inflation figures, CAD to USD positioning remains subdued, as traders await confirmation on whether price pressures are easing or persisting.

Economic news impacting USD/CAD today

Canada Housing Starts
Canada CPI
US FOMC Member Williams speech

Daily trading range

USD/CAD today is holding within a 1.3735–1.3810 range as the pair consolidates amid ongoing USD softness.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 15, 2025, the EUR/CAD pair trades at 1.61949, representing a 0.19% move in the last 24 hours.

EUR/CAD highlights

Euro trades sideways ahead of ECB decision: The euro holds within a narrow range as investors avoid fresh positioning before Thursday’s ECB meeting, keeping EUR/CAD confined to familiar levels.
Rate-cut guidance in focus for EUR direction: Markets remain wary of any signal on whether the easing cycle is truly over, with shifts in tone likely to drive near-term CAD to EUR flows.
EUR volatility risk tied to ECB rhetoric: While price action remains subdued for now, any surprise from the ECB could quickly reshape momentum in EUR/CAD as traders reassess the policy outlook.

Economic news impacting EUR/CAD today

ZEW Economic Sentiment (Tuesday)

Daily trading range

EUR/CAD today is holding within a 1.6135–1.6205 range as the pair remains range-bound.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 15, 2025, the GBP/CAD pair trades at 1.84335, representing a 0.11% move in the last 24 hours.

GBP/CAD highlights

BoE decision to set GBP direction: Attention then turns to Thursday’s Bank of England policy decision, which is expected to play a decisive role in shaping the next move in GBP/CAD.
Sterling gains traction on weaker USD: The pound starts to firm as broad US dollar softness provides support, allowing GBP/CAD to edge higher in early trade.
UK data in focus for GBP momentum: Markets are watching UK employment and inflation figures due Wednesday, with the results likely to influence CAD to GBP flows ahead of key policy signals.

Economic news impacting GBP/CAD today

Unemployment Rate (Tuesday)

Daily trading range

GBP/CAD today is holding within a 1.8380–1.8470 range as the pair consolidates.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 15, 2025, the CAD/JPY pair trades at 112.527, representing a -0.49% move in the last 24 hours.

CAD/JPY highlights

Yen firms on upbeat Tankan survey: The yen strengthens after Q4 Tankan data beat expectations, reinforcing confidence in Japan’s economic outlook and pushing JPY/CAD lower.
BoJ hike expectations lift JPY sentiment: Markets are increasingly pricing in a 25 bps BoJ rate hike to 0.75%, supporting demand in CAD to JPY flows as yield differentials narrow.
JPY momentum tied to policy outcome: With tightening bets now in focus, JPY/CAD direction will hinge on whether the BoJ delivers as expected, setting the tone for near-term yen performance.

Economic news impacting CAD/JPY today

Manufacturing & Services PMI

Daily trading range

CAD/JPY today is holding within a 112.10–113.20 range as the pair steadies near the lower end on firmer yen sentiment.

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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.

Useful links

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USD Monthly Forecast Report

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