1 CAD to USD Canadian Dollars to US Dollars Exchange Rate

Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.

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• The U.S. dollar is the currency most used in international transactions.
• The CAD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.
• A strong economy is good for the Canadian Dollar.
• And with our daily summaries, you’ll never miss out on the latest news.
• Promotional FX rate applies to first 1,500.00 USD sent.

Inflation rates

Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate.

Gold price is back in the red below $3,350 early Tuesday, remaining stuck in a familiar range since last Friday as investors assess the implications of the latest tariff threats by US President Donald Trump. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The downside of the USD/CAD pair could be attributed to the stable Canadian Dollar (CAD), supported by the recent comments from the Prime Minister Office on Monday. The office said that Canada was not targeted by the global tariffs and has committed to reaching a bilateral agreement with the United States by July 21. However, the CAD may face challenges as Canada is subject to fentanyl-related US duties.

Daily exchange rates: Lookup tool

Many leading competitors have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. The CAD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert Canadian Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time.

Conversion Rates Canadian Dollar/US Dollar

The exchange rate of the Canadian Dollar in relation to the United States Dollar on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month .

Change source currency

The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.

• Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency.
• Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar.
• Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate.
• The market data on this page is currently delayed.

The currency code for Dollars is CAD, and the currency symbol is $. Below, you’ll find Canadian Dollar rates and a currency converter. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals.

We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. Importance of the Canadian DollarThe Canadian Dollar is the seventh-most traded currency on the Forex market, as many institutions and individuals trade the CAD. People also refer to the CAD as the Loonie, buck, Huard, and Piastre (in French). The Canadian Dollar is held as a reserve currency by a number of central banks. It is also known as a commodity currency, due to the country’s substantial raw material exports. You’ll now see the value of the converted currency according to the most recent exchange rate.

Please bear with us as we address this and restore your personalized lists. To view rates between the Canadian Dollar and the US Dollar for a particular year, click on one of the links below. Set an alert now, and we’ll tell you when it gets better. And with our daily summaries, forex fx definition, uses, & examples you’ll never miss out on the latest news.

$1.000 USD = C$1.368 CAD

Canada is likewise affected by Trump’s tariffs on steel, aluminum, and cars. US President Donald Trump renewed his threat of a 25% tax on imports from Japan and South Korea and shared a batch of other letters to world leaders warning of levies from 1 August. Trump also imposed 25% rates on Malaysia, Kazakhstan and Tunisia, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. Other nations hit with levies included Indonesia with a 32% rate, Bangladesh with 35%, and Thailand and Cambodia with duties of 36%. Choose what works for you from a growing network of banks and cash pickup locations.

The author has not received compensation for writing this article, other than from FXStreet. The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value.

However, worries that Trump’s trade tariffs would complicate the BoJ’s path to rate hikes could continue to support the pair. The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone.