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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 has been influenced by a combination of economic factors and market sentiment over the past two months. The US dollar has seen pressure recently due to increasing speculation surrounding potential interest rate cuts by the Federal Reserve. Analysts highlighted this trend, noting that the dollar weakened as indications of a contracting manufacturing sector emerged, particularly with the ISM PMI report suggesting continued economic softness. Consequently, the USD has been trading near 30-day lows at around 1.3970, within its recent stable range of 1.3738 to 1.4117.

Conversely, the Canadian dollar has gained strength, buoyed by positive GDP figures. Forecasters noted that while Canada’s manufacturing PMI data was anticipated to show an upward tick, it is vital to understand that the sector remains fragile. The CAD's resilience is also characterized by its relationship with oil prices, which play a crucial role given Canada's status as a major oil exporter. Recent oil prices have been volatile, trading at approximately $63.30, 2.5% below its three-month average, which raises concerns over the impact on the loonie.

Economic developments significantly affect both currencies. The Bank of Canada has enacted rate cuts in response to economic uncertainties, with recent reductions bringing the key policy rate to 2.25%. This dovish stance contrasts the predicted shift in the Federal Reserve’s policy, where economists foresee a potential rate cut in December, potentially limiting recovery for the USD.

Overall, shorter-term forecasts suggest that the USD to CAD exchange rate could remain sensitive to upcoming economic data releases, particularly from both the U.S. and Canada, as traders will closely monitor how these indicators might shift market expectations regarding monetary policy and economic health. Hence, any investor or business planning international transactions should stay alert to these developments, as they could result in significant cost implications.

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.

 
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1 USD =
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CAD
30dLows
1d−0.1%
USD to CAD is at 30-day lows near 1.3970, near its 3-month average, 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
17 Nov 2025
1.4051
0.5% 2 Week
02 Sep 2025
1.3785
1.4% 3 Month
01 Dec 2024
1.4014
0.2% 1 Year
02 Dec 2020
1.2918
8.2% 5 Year
04 Dec 2015
1.3358
4.7% 10 Year
06 Dec 2005
1.1558
21% 20 Year
USD/CAD historic rates & change to 01-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