💱 USD to CAD Converter
Live US Dollar to Canadian Dollar exchange rate — updated in real-time
USD to CAD — Overview
USD/CAD, nicknamed "the Loonie" in forex markets (after the loon bird on the Canadian Dollar coin), is one of the most traded currency pairs. The US and Canada share the world's largest bilateral trading relationship.
History & Background
Canada and the US share the longest undefended border in the world and have deep economic integration through USMCA (formerly NAFTA). The Canadian Dollar is heavily influenced by oil prices as Canada is a major oil exporter.
Key Factors Affecting USD/CAD
USD/CAD is strongly correlated with oil prices, Bank of Canada and Federal Reserve interest rates, US-Canada trade flows, and economic data from both countries.
Tips for Exchanging USD to CAD
Cross-border shoppers should monitor USD/CAD closely. When the Canadian Dollar is weak against the USD, shopping in Canada becomes more attractive for Americans.