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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.

 

The current market bias for the USD/CAD exchange rate is bearish.

Key drivers include:

  • The Federal Reserve is expected to cut interest rates, which generally weakens the USD.
  • Canadian retail sales might show improvement, bolstered by a stronger-than-expected jobs report.
  • The Canadian economy remains stable despite fluctuations in oil prices, with current oil prices slightly below their historical average impacting the CAD.

The expected near-term trading range suggests consolidation between current levels and slightly lower prices.

Upside risks could come from a surprising rise in global oil prices, possibly strengthening the CAD. On the downside, if the Federal Reserve’s rate cuts occur sooner or deeper than anticipated, it might further weaken the USD.

The USD/CAD pair recently traded near 1.3725, indicating a stable but bearish outlook moving forward, while the CAD remains sensitive to commodity price shifts and economic data releases.

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 =
1.3725We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d+0.2%▲
 
USD to CAD is at 7-day highs near 1.3725, 1.5% below its 3-month average of 1.3937, having traded in a very stable 3.3% range from 1.3664 to 1.4117
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  1 CAD = 0.7286 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.

DateUSD/CADChangePeriod
18 Dec 2025
1.3778
0.4% ▼2 Week
03 Oct 2025
1.3965
1.7% ▼3 Month
01 Jan 2025
1.4375
4.5% ▼1 Year
02 Jan 2021
1.2730
7.8% ▲5 Year
04 Jan 2016
1.3919
1.4% ▼10 Year
06 Jan 2006
1.1676
17.5% ▲20 Year
USD/CAD historic rates & change to 01-Jan-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