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USD to CAD Forecasts – US dollar to Canadian dollar

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

 

USD to CAD Forecast & Outlook

In the near term, USD/CAD is trading close to its 90-day average and near the top of its recent range. The pair is supported by a risk-off sentiment and geopolitical tensions driving safe-haven flows into USD. Current market conditions suggest the pair may remain supported around these levels, but the dominant commodity exposure and oil price volatility keep the near-term bias cautious and slightly downward.

Transfer implications

  • Expats: sending money to Canada may find current levels more favourable than recent months if USD weakens further.
  • Travellers: exchanging cash or loading currency cards might experience less advantageous rates if the pair declines.
  • Businesses: paying Canadian Dollar invoices with USD could see less favourable conditions if the pair moves lower.

Key drivers

  • Rate gap: the US Federal Reserve has paused rate hikes, while the Bank of Canada remains cautious, leaving the gap uncertain.
  • Risk/commodities: escalating geopolitical tensions and rising oil prices support safe-haven USD, pressuring CAD.
  • Global factors: oil market volatility influences CAD trade balance and overall trade exposure.

What could change it

  • Upside risk: oil prices stabilize or decline, easing pressure on CAD.
  • Downside risk: escalation in geopolitical tensions or a sustained broad USD rally could lift USD/CAD further.

BER suggests comparing FX providers to help offset less favourable exchange conditions.

Forecast summary

  • USD/CAD outlook: DOWN
  • Outlook display: Likely to fall
  • Medium-term: Likely sideways
  • Expected range: 1.3680–1.3930
  • Key driver: commodity price trends

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 =
1.3638We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d+0.3%
14dLows
USD to CAD at 1.3633 is just 0.6% below its 3-month average of 1.3709, having traded in a very stable 3.2% range from 1.3490 to 1.3925
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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.

DateUSD/CADChangePeriod
26 Feb 2026
1.3677
0.6% 2 Week
12 Dec 2025
1.3778
1.4% 3 Month
12 Mar 2025
1.4360
5.4% 1 Year
13 Mar 2021
1.2476
8.9% 5 Year
14 Mar 2016
1.3257
2.5% 10 Year
17 Mar 2006
1.1573
17.4% 20 Year
USD/CAD historic rates & change to 12-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 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