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CAD to USD Forecasts – Canadian dollar to US dollar

Latest CAD to USD forecasts including bank predictions, key market drivers and recent trends for CAD/USD. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to USD Forecast & Outlook

21 Jul 2026 • 00:26 GMT

CAD/USD 0.7106

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: N/A
  • Dominant driver: 🏦 Central bank policy divergence
  • 3-month trend: 🔴 Downtrend

Currently, CAD/USD is trading close to its 3-month average, supported by risk-off dynamics and safe-haven flows. The pair remains within its recent range, with modest downside potential if risk conditions persist. Near-term conditions suggest the pair may continue consolidating with limited momentum.

💸 Transfer implications

  • Expats: sending money to the US may find current levels less favourable if the pair weakens.
  • Travellers: buying US Dollars could face pressure if the pair declines further.
  • Businesses: paying overseas USD invoices might see less advantageous conversion rates if the trend persists.

🧭 Key drivers

  • Rate gap: The Federal Reserve’s hawkish stance and higher-for-longer rates support USD strength, influencing CAD/USD downward.
  • Risk/commodities: Risk-off sentiment and softer Canadian economic data pressurize the CAD.
  • Global factors: Broader risk aversion driven by global economic slowdown and trade uncertainties supports USD demand.

⚠️ What could change it

  • Upside risk: A shift towards risk appetite or a pause in Fed rate hikes could support the CAD.
  • Downside risk: Further escalation in risk aversion or a sharp decline in oil prices may accelerate CAD weakness.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

 

CADUSD Bank Forecasts to end of the year

The outlook for CADUSD by the end of the year reflects a diversity of views among major banks. RBC Economics predicts a gradual decline in USD/CAD to end at 1.34. ING also anticipates a modest downside, expecting the pair to visit 1.36 if favorable conditions persist. Meanwhile, TD Securities has a more bullish stance, targeting a rise to 1.40.

Big bank views

  • RBC Economics: Forecasts USD/CAD to end the year at around 1.34.
  • ING: Expects a visit to 1.36 if oil prices remain elevated.
  • TD Securities: Eyes a target of 1.40 for the pair.

What could change the outlook

  • Changes in oil prices significantly impacting the Canadian economy.
  • Federal Reserve's interest rate decisions altering USD strength.
 

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 =
0.7112We compare provider deals to this wholesale mid-market rate. Read more
USD
1d−0.4%▼
CAD to USD at 0.7106 is 1.1% below its 3-month average of 0.7186, having traded in a quite stable 4.8% range from 0.7026 to 0.7363
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  1 USD = 1.4061 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
07 Jul 2026
0.7039
0.9% ▲2 Week
22 Apr 2026
0.7315
2.9% ▼3 Month
21 Jul 2025
0.7312
2.9% ▼1 Year
22 Jul 2021
0.7959
10.8% ▼5 Year
23 Jul 2016
0.7621
6.8% ▼10 Year
26 Jul 2006
0.8794
19.2% ▼20 Year
CAD/USD historic rates & change to 21-Jul-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