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CAD to USD Rates - 2026 Forecast

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:

The CAD/USD is slightly positive, trading just above its recent average and within a stable range. The current oil price trends are supporting the Canadian dollar's position.

Key drivers:

• Rate gap: The Bank of Canada holds a higher interest rate compared to the U.S. Federal Reserve, which is moving towards lower rates.

• Risk/commodities: With oil prices recently hitting highs, the CAD stands to gain as rising oil prices typically boost Canada's economy.

• One macro factor: Canada's economy added significantly more jobs than expected, indicating strong labor market resilience.

Range:

Expect CAD/USD to hold within its recent range but could drift upward if oil prices remain strong.

What could change it:

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

• Downside risk: Weak economic data from Canada could pressure the currency lower.

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 =
0.7319We compare provider deals to this wholesale mid-market rate. Read more
USD
1d−0.2%▼
 
CAD to USD at 0.7314 is just 0.5% above its 3-month average of 0.7278, having traded in a very stable 3.8% range from 0.7142 to 0.7413
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  1 USD = 1.3663 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.

DateCAD/USDChangePeriod
16 Feb 2026
0.7333
0% ▼2 Week
02 Dec 2025
0.7158
2.4% ▲3 Month
02 Mar 2025
0.6923
5.9% ▲1 Year
03 Mar 2021
0.7890
7.1% ▼5 Year
04 Mar 2016
0.7498
2.2% ▼10 Year
07 Mar 2006
0.8718
15.9% ▼20 Year
CAD/USD historic rates & change to 02-Mar-2026

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