Exchange Rate CAD to USD Today: Live Rates & Converter

Six key data points show the CAD’s journey from crisis to gradual recovery across major institutions.

How much is $1 CAD in USD today?

Live mid-market rate

As of the most recent update, the mid-market CAD to USD rate sits at approximately 0.7358. This means one Canadian dollar buys roughly 73.58 US cents. The mid-market rate is the one banks use between themselves — it’s the fairest midpoint you’ll see, before any fees or margins get added. XE.com (real-time currency data provider) displays this benchmark rate in real time.

How to convert CAD to USD

To convert any amount from CAD to USD, multiply your Canadian dollar amount by the current rate. For quick estimates, a rate of 0.7358 means $100 CAD converts to roughly $73.58 USD. Wise (mid-market rate converter platform) calculator lets you input any amount and see the actual outcome after fees — which often differs from what the bank advertises.

How much is $100 Canadian in US dollars?

100 CAD equivalent

At the current mid-market rate of 0.7358, $100 CAD equals approximately $73.58 USD. However, what you actually receive depends entirely on where you convert. A bank might credit you $72.20; an online transfer service might credit $73.30. The difference of a dollar or two sounds minor until you’re moving large amounts, when it becomes material.

Common amounts: 10, 20, 1000 CAD

• $10 CAD ≈ $7.36 USD
• $20 CAD ≈ $14.72 USD
• $1,000 CAD ≈ $735.80 USD
• $1,400 CAD ≈ $1,030.12 USD

For Canadians earning in USD or Americans receiving CAD income, these conversions directly affect purchasing power. Trading Economics (economic data platform with live CAD/USD tracking) chart lets you see the rate’s movement throughout any given day.

Why is CAD getting stronger against USD?

Recent factors

Several forces are pushing the loonie higher. The US dollar has faced headwinds from an ongoing Federal Reserve rate-cutting cycle, which reduces the yield advantage of holding USD assets. Meanwhile, Canada’s banking system and commodity exports — particularly energy — have provided underlying support. According to Morningstar (investment research and data provider), the common thread across forecasts is that as the Fed’s rate-cutting cycle deepens and the Bank of Canada holds steady or begins hiking in late 2026, the interest rate gap will shrink — putting downward pressure on USD/CAD.

Oil and interest rates

Canada’s dollar has a well-known relationship with oil prices. When crude rises, CAD tends to follow because energy exports form a significant portion of Canada’s economy. The Bank of Canada’s policy rate decisions are the other major lever — if the BoC maintains or raises rates while the Fed cuts, the differential supports CAD appreciation. MTFX Group (specialized FX risk management firm) notes that short-term upside risks for USD/CAD remain tied to sticky US inflation, elevated US yields, and safe-haven demand linked to geopolitical uncertainty.

Headwinds like the renewal of the USMCA trade agreement and lower oil prices could dampen the CAD outlook, according to Morningstar. The loonie has recovered ground since February 2025 as worst-case trade scenarios failed to fully materialize — but that recovery could stall if trade policy uncertainty resurfaces.

Will CAD get stronger against USD in 2026?

2026 factors from MTFX

Most major financial institutions expect the Canadian dollar to strengthen through 2026, though the degree of appreciation varies by forecast. RBC Capital Markets targets USD/CAD at 1.3400 by year-end 2026 — meaning CAD would buy roughly 0.746 USD. Interchange Financial (financial analysis and advisory platform) reports that Scotiabank expects CAD/USD to move toward 0.75 by late 2026, while ING projects the Canadian dollar near 0.746 by year-end.

Economic projections

Trading Economics estimates USD/CAD will trade at 1.36 by end of Q2 2026 and 1.35 in 12 months from April 2026. Exchange Rates UK (currency forecasting platform) forecasts USD/CAD at 1.3783 in early 2026, then 1.3518 in late 2026, and 1.3234 by early 2027. Macquarie’s Wizman takes a more aggressive view, targeting C$1.31 by end of 2026. CoinCodex (algorithmic trading data platform), using algorithmic analysis, forecasts CAD/USD at 0.7807 by year-end 2026 — representing a 6.03% increase from current levels — though algorithmic forecasts carry lower confidence.

What is the highest the Canadian dollar has ever been?

Historical peaks

The Canadian dollar’s all-time high against the US dollar was 1.62 USD/CAD, reached in January 2002 according to Trading Economics. For context, that’s roughly 0.617 USD per CAD — meaning the Canadian dollar bought considerably more American currency in 2002 than it does today. The multi-decade low of 1.4793 set in February 2025 represents a stark contrast: in less than two years, the CAD went from historically weak back toward more normal ranges.

Exchange rate history

Over the past two decades, USD/CAD has ranged from that 1.62 peak down through the 1.20–1.25 “sweet spot” of the mid-2010s oil boom, into the 1.40+ territory of recent years. The Canadian Dollar has strengthened 1.07% over the last 12 months as of April 28, 2026. Early 2026 saw USD/CAD decline from the 1.39–1.40 range to 1.34–1.35 before recovering to the 1.36–1.39 range in February and March 2026. OFX (international money transfer provider with 20+ years of historical data) lets you pull historical rates going back two decades to see how specific events — oil crashes, financial crises, trade wars — moved the rate.

Timeline

Here’s how those events played out over time:

The pattern is clear: recovery from 2025’s tariff-driven panic, with institutions now pricing in continued CAD strength if interest rate differentials and trade conditions cooperate.

What we know vs. what remains uncertain

The confirmed data points are solid: the current rate, the February 2025 peak, the recovery trajectory, and the analyst consensus pointing toward CAD strength. What’s genuinely uncertain is whether the Fed’s cutting cycle accelerates, whether the Bank of Canada raises rates, and how USMCA renegotiations might play out.

What analysts are saying

The common thread across forecasts is that as the Fed’s rate-cutting cycle deepens and the BoC holds steady or begins hiking in late 2026, the interest rate gap will shrink, putting downward pressure on USD/CAD.

— Canam Currency Exchange (currency exchange and forecasting service)

Short-term upside risks for USD/CAD remain tied to sticky US inflation, elevated US yields, and safe-haven demand linked to geopolitical uncertainty.

— MTFX Group (specialized FX risk management firm)

CoinCodex (algorithmic trading data platform) shows 22 bullish signals and 4 bearish signals for CAD/USD as of May 4, 2026, with a 14-day RSI of 64.05 suggesting neutral conditions — neither overbought nor oversold. The platform also notes that 30-day volatility has been 0.78%, relatively subdued compared to earlier 2025 swings.

Summary

The Canadian dollar has staged a meaningful recovery from its April 2026 multi-decade low, and most major financial institutions see further appreciation through 2026 — targeting CAD/USD levels between 0.75 and 0.78. The driver is straightforward: as the Fed cuts rates and the Bank of Canada holds or tightens, the interest rate gap narrows, reducing USD’s yield advantage. Trade policy uncertainty and oil volatility remain the key wildcards. For Canadians converting USD to CAD or Americans sending money south, the window for favorable rates may be narrowing as forecasts converge on continued loonie strength.

Related reading: RBC Prime Rate Today

Investors tracking the CAD USD exchange rate today will find it mirrors our mid-market rate of 0.7358 USD per CAD, with added live charts.

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