💱 Dollar to Canadian Dollar Converter
Live USD to CAD exchange rate — updated every minute
Convert USD to CAD
About USD to CAD
The US Dollar to Canadian Dollar exchange rate is crucial for cross-border trade, travel, and shopping between the world's longest shared border. Known as "the Loonie" in forex markets, CAD is heavily influenced by oil prices and the deep US-Canada economic relationship.
How Much is $1 US Dollar in Canadian Dollars?
The USD/CAD rate fluctuates daily. Typically, $1 USD buys between $1.20 and $1.40 CAD, though this varies. Use our live converter for the exact real-time rate. When USD is strong, cross-border shopping in Canada becomes attractive for Americans.
Why is CAD Called the Loonie?
The Canadian Dollar's nickname "Loonie" comes from the common loon bird depicted on the Canadian one-dollar coin. In forex markets, USD/CAD is often referred to simply as "the Loonie pair."
What Affects USD/CAD?
Oil prices have a major impact — Canada is a significant oil exporter, so rising oil prices typically strengthen the CAD. Bank of Canada and Federal Reserve interest rate decisions, US-Canada trade flows under USMCA, and overall North American economic performance are also key drivers.
Cross-Border Shopping: USD vs CAD
Many Americans shop in Canada when the USD is strong relative to CAD, getting significant discounts on Canadian goods. Similarly, Canadians benefit from a strong CAD when shopping in the US. Always check the current rate before making cross-border purchases.