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CAD to USD 2026 Forecasts

Analysis of recent loonie → dollar forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Canadian dollar to US dollar performance and trends.

 

CAD/USD Outlook:

Bullish, supported by CAD's strength from rising oil prices.

Key drivers:

• Rate gap: The Bank of Canada maintains its cautious stance, while the Federal Reserve has paused interest rate cuts, making the USD less attractive.

• Risk/commodities: The Canadian dollar benefits from oil being significantly above its recent average, boosting expectations for further gains.

• One macro factor: Growing concerns about the U.S. labor market may hinder USD strength and benefit the CAD.

Range:

CAD/USD is likely to hold near current highs, with potential to drift within a stable recent range.

What could change it:

• Upside risk: A sustained increase in oil prices could further bolster the CAD.

• Downside risk: A surprising weakness in U.S. economic data might bring the USD back into focus.

CAD-USD Rate Calculator

 
   
   
   
   
 
   
 
 

CAD to USD Market Data

Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy USD
1 CAD =
0.7374We compare provider deals to this wholesale mid-market rate. Read more
USD
1d+0.8%▲
 
CAD to USD is at 7-day highs near 0.7375, 1.9% above its 3-month average of 0.7236, having traded in a quite stable 4.6% range from 0.7087 to 0.7413
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  1 USD = 1.3562 CAD

Compare & Save - Canadian dollar to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.

Use our CAD to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs US dollar current value is to look the CAD/USD historic rate and change over a range of periods.

The following table looks at the change in the CAD to USD exchange rate over periods from the previous week back to the last 10 years.

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more