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USD to CAD 2025 Forecasts

Analysis of recent dollar → loonie forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to Canadian dollar performance and trends.

 

The USD to CAD exchange rate is currently experiencing downward pressure, with the USD trading at 60-day lows near 1.3827, about 1.0% lower than its 3-month average of 1.3965. Recent forecasts suggest a continuing weakness in the US dollar, primarily driven by market expectations of an aggressive Federal Reserve interest rate cut cycle. Analysts highlight that the potential for rate cuts could materialize as early as March, leading to reduced interest rate differentials that weaken the dollar's appeal. Despite recent positive US economic data, such as a surprise drop in jobless claims, the prevailing sentiment suggests the USD remains vulnerable.

Conversely, the Canadian dollar (CAD) has shown signs of resilience, particularly aided by a rise in oil prices, which reflect its status as a commodity-linked currency. With oil prices recently climbing to 14-day highs near $63.75, the CAD has responded positively, indicating that investor confidence in Canada's energy-export-driven economy remains robust. However, upcoming data on Canada’s jobless rate may pose risks if unemployment rises as anticipated. If the jobless rate increases from 6.9% to 7%, as forecasted, it may dampen the CAD's recent gains.

Furthermore, the Bank of Canada’s decision to cut the key interest rate further complicates the outlook for the CAD. While the central bank's easing cycle appears to pause, mixed signals from Canadian economic indicators such as declining manufacturing PMIs may add volatility. The manufacturing sector reported ongoing contraction, which could temper any upward momentum for the CAD.

In summary, the current landscape points toward a weaker USD due to anticipated rate cuts by the Fed, paired with a potentially stabilizing or even strengthening CAD if oil prices continue to rise. However, the interplay of labor market trends in both countries and the impacts of upcoming economic data will be critical in determining the USD/CAD trajectory in the near term. As the markets navigate these dynamics, traders should remain mindful of both US and Canadian economic indicators, which will be pivotal in shaping future exchange rate movements.

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 =
1.3820We compare provider deals to this wholesale mid-market rate. Read more
CAD
60dLows
1d−0.9%
USD to CAD is at 60-day lows near 1.3827, just 1.0% below its 3-month average of 1.3965, having traded in a very stable 2.8% range from 1.3738 to 1.4117
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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
21 Nov 2025
1.4103
1% 2 Week
06 Sep 2025
1.3838
0.8% 3 Month
05 Dec 2024
1.4019
0.5% 1 Year
06 Dec 2020
1.2782
9.2% 5 Year
08 Dec 2015
1.3552
3% 10 Year
10 Dec 2005
1.1584
20.5% 20 Year
USD/CAD historic rates & change to 05-Dec-2025

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