Is USD to CAD going up or down?

As of February 17, 2026, the exchange rate for USD to CAD is 1.36703, denoting a 0.27% 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 1.36703, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61665, while the British pound sits around 1.84922 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 112.24, 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 1.36703. 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 0.27% 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.

Get currency alerts delivered straight to your inbox.

Set an alert

Written by Ash Abbasi

February 17, 2026

Canadian Dollar News - Loonie steady ahead of CPI print

USD/CAD performance is showing a mildly firmer tone, with the US dollar rate today edging modestly higher as markets return from a subdued start to the week following the Presidents’ Day holiday. With trading activity picking up, investors are now turning to Fed commentary for fresh guidance on the policy outlook, keeping the exchange rate supported but still range-bound. Meanwhile, the Canadian dollar rate today is edging slightly lower but retains an underlying firm bias, as markets expect the upcoming CPI report to show sticky inflation that could reinforce hawkish Bank of Canada expectations. Unless incoming data delivers a meaningful surprise, CAD to USD is likely to remain steady, driven by relative inflation signals and central bank messaging.

Today's Global Currency Highlights

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

USD: US dollar edges modestly higher as markets return from a subdued start to the week due to the Presidents’ Day holiday, Fed commentary in focus for fresh cues.
CAD: Canadian dollar edges lower but retains the underlying firm tone, investors expect the CPI report to show sticky inflation reinforcing hawkish BoC expectations.
EUR: Euro trades softer after German and broader Eurozone sentiment data deteriorates more than forecast in February, adding fuel to the ECB easing speculation.
GBP: Sterling drops sharply from last week’s highs after the UK employment report signals softer job growth, steady unemployment supporting dovish BoE bets.
JPY: Japanese yen edges higher against major peers on Fed–BoJ policy divergence, though gains lack conviction as intervention concerns keep markets cautious.
AUD: Aussie drifts lower without a clear direction after RBA officials reiterate their data-dependent stance, stressing no preset rate path amid persistent inflation.

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 Canadian inflation data taking centre stage on the FX calendar. Canada’s CPI release will be crucial for shaping expectations around the Bank of Canada’s next policy steps, with a sticky print likely to support the Canadian dollar today, while any downside surprise could soften the loonie’s tone. Wholesale sales will provide an additional read on domestic demand conditions. In the US, the NY Empire State Manufacturing Index will offer an early signal on regional activity, influencing sentiment around the US dollar today as markets remain sensitive to shifting growth and inflation signals on both sides of the border.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously constructive outlook, with the Canadian dollar rate today likely to be driven by Canada’s CPI release and broader inflation expectations. A firm or sticky inflation print could reinforce hawkish BoC pricing and help the loonie hold its underlying support, while a softer outcome may revive easing bets and cap gains. With wholesale sales adding context on domestic demand, the Canadian dollar is expected to remain range-bound but reactive, taking its near-term cue from inflation surprises and shifts in cross-border rate expectations.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 17, 2026, the USD/CAD pair is trading at 1.36703, representing a 0.27% move in the last 24 hours.

USD/CAD highlights

USD ticks higher as markets return: The US dollar edges modestly higher as trading resumes after the Presidents’ Day lull, keeping USD/CAD supported.
Fed commentary now in focus: Investors are watching fresh Fed remarks for guidance on the policy outlook, shaping near-term CAD to USD flows.
CAD slips slightly but stays firm: The Canadian dollar edges lower but retains an underlying supportive tone, leaving USD/CAD largely range-bound.
CPI seen reinforcing hawkish BoC bias: Markets expect sticky inflation to bolster hawkish BoC expectations, helping underpin CAD to USD direction.

Economic news impacting USD/CAD today

Canada Inflation Rate
Canada Wholesale Sales
US NY Empire State Manufacturing Index

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3600–1.3750 range and holding near the lower-middle of that band with a modest neutral-to-soft 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 February 17, 2026, the EUR/CAD pair is trading at 1.61665, representing a 0.08% move in the last 24 hours.

EUR/CAD highlights

Euro weakens on softer sentiment data: The euro trades lower after German and broader eurozone sentiment figures deteriorate more than expected, pressuring EUR/CAD.
ECB easing bets weigh on EUR tone: The weaker outlook is adding fuel to speculation of further ECB easing, limiting upside in CAD to EUR moves.
EUR outlook remains cautious: With confidence fading, EUR/CAD may stay biased lower unless incoming data stabilises or ECB messaging shifts.

Economic news impacting EUR/CAD today

ECB Schnabel's Speech (Wednesday)

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the lower-middle of that band with a mildly soft 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 February 17, 2026, the GBP/CAD pair is trading at 1.84922, representing a -0.44% move in the last 24 hours.

GBP/CAD highlights

Sterling slides after labour data disappointment: The pound drops sharply from last week’s highs as softer UK job growth weighs on sentiment, pulling GBP/CAD lower.
Steady unemployment reinforces dovish BoE view: An unchanged jobless rate is supporting expectations for further easing, limiting strength in CAD to GBP moves.
GBP outlook turns cautious: With labour momentum fading, GBP/CAD may remain under pressure unless incoming data improves or BoE guidance shifts.

Economic news impacting GBP/CAD today

Inflation Rate (Wednesday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8450–1.8700 range and holding near the lower end of that band with a mildly soft 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 February 17, 2026, the CAD/JPY pair is trading at 112.24, representing a -0.29% move in the last 24 hours.

CAD/JPY highlights

Yen edges higher on policy divergence: The Japanese yen ticks up against major peers as Fed–BoJ divergence supports demand, keeping CAD/JPY slightly softer.
Intervention fears cap JPY follow-through: Gains remain limited as markets stay cautious amid ongoing concerns about potential Tokyo intervention, restraining JPY/CAD moves.
JPY outlook remains tentative: With conviction lacking, CAD/JPY is likely to stay range-bound unless policy signals strengthen or intervention risks fade.

Economic news impacting CAD/JPY today

Trade Balance

Daily trading range

CAD/JPY today is fluctuating within a recent 112.00–114.50 range and holding near the lower end of that band with a mildly defensive 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