CAD/USD: what to know
The CAD/USD rate shows how much USD you get for 1 CAD. Right now, 1 CAD buys 0.7038 USD at the mid-market rate. In the other direction, 1 USD is worth 1.4210 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while USD responds to Fed policy, US growth and global risk appetite.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Available archived CAD/USD observations within the last 365 days range from 0.7002 to 0.7394, with a -1.12% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.