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USD to CAD 2026 Forecasts

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

 

Bias: range-bound, current trading near the 90-day average and in the upper half of the 3-month range, with no clear breakout in sight today.

Key drivers:

  • Rate gap: The Fed is expected to cut rates toward neutral in 2026, while the BoC has already trimmed to a modest level, shrinking the USD/CAD gap.
  • Risk/commodities: Oil remains above its 3-month average with sizable swings, supporting the CAD as a commodity-linked currency.
  • Macro factor: U.S. payrolls and unemployment data due this week will shape Fed easing bets and thus USD demand.

Range: Expect a gradual drift within the recent 3-month range, with limited momentum and occasional tests near the upper boundary as traders weigh oil moves and US data.

What could change it:

  • Upside risk: a stronger US jobs report and firmer Fed messaging lifting the dollar.
  • Downside risk: softer US data or clearer signs of rate cuts reducing USD demand, or oil extending gains lifting CAD.

USD-CAD Rate Calculator

 
   
   
   
   
 
   
 
 

USD to CAD Market Data

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

 
Sell USD   →   Buy CAD
1 USD =
1.3874We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d−0.1%▼
30dHighs◓
USD to CAD at 1.3913 is near its 3-month average, having traded in a very stable 3.3% range from 1.3664 to 1.4117
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  1 CAD = 0.7208 USD

Compare & Save - US dollar to Canadian dollar

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

Use our USD to CAD 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 Dollar to Loonie currency rates and the possible savings of using various providers.

 
 

Will the US dollar rise against the Canadian dollar?

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

The following table looks at the change in the USD to CAD 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 USD/CAD 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