USD/CAD: what to know
The USD/CAD rate shows how much CAD you get for 1 USD. Right now, 1 USD buys 1.4093 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.7096 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while CAD responds to oil prices and the US economy.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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”.
Available archived USD/CAD observations within the last 365 days range from 1.3524 to 1.4281, with a +0.54% 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.