Is USD to CAD going up or down?

As of December 12, 2025, the exchange rate for USD to CAD is 1.37661, denoting a -0.02% 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 1.37661, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61648, while the British pound sits around 1.84081 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 113.212, 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 1.37661. 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 -0.02% 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.

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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 12, 2025

Canadian Dollar News - Loonie leads as policy divergence favours Canada

The US dollar rate today is softening toward three-month lows as the greenback remains stuck in a bearish consolidation phase, with markets turning to upcoming Fedspeak for clearer guidance on the policy outlook. In contrast, the Canadian dollar rate today is building on its recent lead, supported by a widening Fed–BoC policy divergence that continues to favour the loonie. However, softer oil prices are capping further gains as investors look ahead to domestic housing data for confirmation of underlying demand. As a result, CAD to USD movements remain measured, leaving the exchange rate largely range-bound unless fresh signals emerge from central bank commentary or Canadian economic releases.

Today's Global Currency Highlights

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

USD:US dollar softens to near three-month lows amid a bearish consolidation phase, markets eye Fedspeak for clarity on the policy outlook.
CAD:Canadian dollar builds lead, supported by the widening Fed–BoC policy divergence, but softer oil limits upside ahead of housing data.
EUR:Euro eases off intraday highs but stays firm on USD weakness, ECB expected to hold next week but Lagarde's remarks may inject volatility.
GBP:Sterling pares some of its weekly gains after GDP and trade figures disappoint, focus shifts to next week’s BoE verdict, key macro releases.
JPY:Yen dips as renewed concerns over Japan’s public finances spur selling pressure, while a buoyant risk tone further dampens safe-haven demand.
AUD:Aussie edges slightly lower but underlying strength intact despite labour-market softness, underpinned by USD weakness, RBA’s hawkish stance.

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 Building Permits and Wholesale Sales data alongside the US Baker Hughes Oil Rig Count. These releases sit high on the FX calendar, offering fresh insight into domestic demand and activity in the energy sector. The Canadian dollar today will be watching whether strength in construction and wholesale trade can reinforce recent momentum, while the US dollar today may react to shifts in oil market sentiment that influence inflation and growth expectations.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

Today’s Canadian dollar news suggests limited near-term momentum, with the Canadian dollar rate today tracking closely alongside domestic indicators such as building permits and wholesale sales. While these releases will offer clues on underlying economic resilience, softer oil dynamics and lingering USD sensitivity are keeping positioning cautious. Unless Canadian data delivers a clear upside surprise, the loonie is likely to remain range-bound as markets balance local fundamentals against external risk sentiment.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 12, 2025, the USD/CAD pair trades at 1.37661, representing a -0.02% move in the last 24 hours.

USD/CAD highlights

USD drifts toward three-month lows: The US dollar remains under pressure in a bearish consolidation phase, keeping USD/CAD biased lower as traders await fresh guidance from Fedspeak.
Policy clarity needed to stabilize USD: With markets looking for clearer signals on the Fed’s policy outlook, uncertainty continues to weigh on the greenback, influencing CAD to USD positioning in the near term.
CAD extends lead on policy divergence: The Canadian dollar builds on its advantage as the widening Fed–BoC policy gap favours the loonie, helping push USD/CAD lower.
Softer oil caps further CAD gains:Despite the supportive rate backdrop, weaker oil prices are limiting upside momentum in CAD to USD flows ahead of key Canadian housing data.

Economic news impacting USD/CAD today

Canada Building Permits
Canada Wholesale Sales
US U.S. Baker Hughes Oil Rig Count

Daily trading range

USD/CAD today is holding within a 1.3725–1.3800 range as the pair leans toward the lower end amid persistent USD softness.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 12, 2025, the EUR/CAD pair trades at 1.61648, representing a -0.01% move in the last 24 hours.

EUR/CAD highlights

Euro pares gains but holds firm on USD weakness: The euro eases from intraday highs but remains supported by persistent USD softness, keeping EUR/CAD underpinned in early trade.
ECB hold expected, rhetoric in focus: With the ECB widely expected to hold rates next week, attention turns to Lagarde’s remarks, which could drive volatility in CAD to EUR positioning.
EUR outlook hinges on policy tone:While the broader trend remains constructive, shifts in ECB communication may dictate the next move in EUR/CAD, particularly if guidance alters rate-cut expectations.

Economic news impacting EUR/CAD today

Industrial Production (Monday)

Daily trading range

EUR/CAD today is holding within a 1.6090–1.6170 range as the pair steadies mid-band on continued USD weakness.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 12, 2025, the GBP/CAD pair trades at 1.84081, representing a -0.18% move in the last 24 hours.

GBP/CAD highlights

Sterling gives back part of weekly gains: The pound pares some of its recent advance after softer UK GDP and trade figures, keeping GBP/CAD from extending higher in early trade.
Weak data weighs on GBP sentiment:Disappointing macro releases dampen confidence, influencing CAD to GBP flows as traders reassess the near-term outlook for UK growth.
BoE decision back in focus for GBP direction:Attention now shifts to next week’s Bank of England verdict and upcoming data, which are expected to play a decisive role in shaping the next move in GBP/CAD.

Economic news impacting GBP/CAD today

Inflation Expectations (Monday)

Daily trading range

GBP/CAD today is holding within a 1.8360–1.8455 range as the pair consolidates after recent data-driven weakness.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 12, 2025, the CAD/JPY pair trades at 113.212, representing a 0.30% move in the last 24 hours.

CAD/JPY highlights

Yen softens on renewed fiscal concerns: The yen dips as worries over Japan’s public finances resurface, increasing selling pressure and pushing JPY/CAD lower in early trade.
Risk-on mood weakens safe-haven demand:A buoyant global risk tone further dampens appetite for the yen, supporting CAD to JPY flows as investors favour higher-yielding currencies.
JPY outlook remains fragile: With fiscal uncertainty and reduced haven demand weighing on sentiment, JPY/CAD remains vulnerable to further downside unless risk appetite reverses or policy signals shift.

Economic news impacting CAD/JPY today

CFTC JPY speculative net positions

Daily trading range

CAD/JPY today is holding within a 112.80–113.90 range as the pair stays supported by risk-on sentiment and ongoing yen weakness.

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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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