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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 recently experienced notable movements, with current levels near 1.3571, representing a 1.7% decline from its 90-day average of 1.3811. Expert analysts note that the pair has traded within a stable range of 1.3571 to 1.4263. The U.S. dollar showed unexpected strength following positive jobs data, with non-farm payrolls rising above forecasts, coupled with a decrease in the unemployment rate. This data has bolstered expectations of sustained economic resilience in the United States, leading some forecasters to predict a further strengthening of the USD.

In contrast, while the Canadian dollar found some support from the strength of the USD, it faces pressure from fluctuating oil prices—a critical factor for Canada’s economy given its status as a major oil exporter. Recently, crude oil prices have seen significant volatility, trading at 68.80, which is 3.2% above its 3-month average. This upward trend in oil prices typically boosts the CAD; however, the impact has been somewhat muted by weaker oil demand, linked to broader concerns about economic growth and global demand.

Moving forward, market watchers emphasize the importance of interest rate policies from both the Federal Reserve and the Bank of Canada. The Fed's current stance on interest rates could draw investors to USD assets, further propelling its value against the CAD. Meanwhile, the Bank of Canada's recent pause in rate cuts has supported the CAD, but ongoing trade tensions and economic uncertainties, particularly with the U.S., pose challenges for sustained appreciation.

Forecasts indicate that upcoming economic data releases, such as the Canadian services PMI, will play a critical role in shaping the outlook for the CAD. If the data indicates continued economic contraction, analysts predict a struggle for the loonie to maintain momentum against the USD. The interplay of U.S. economic strength, commodity-driven trends, and geopolitical dynamics will remain crucial in determining the future trajectory of the USD/CAD exchange rate.

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 =
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CAD
-0.1%
90d-lows
USD to CAD is at 90-day lows near 1.3571, 1.7% below its 3-month average of 1.3811, having traded in a quite stable 5.1% range from 1.3571 to 1.4263
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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
20 Jun 2025
1.3733
1.1% 2 Week
05 Apr 2025
1.4229
4.6% 3 Month
04 Jul 2024
1.3615
0.3% 1 Year
05 Jul 2020
1.3550
0.2% 5 Year
07 Jul 2015
1.2698
6.9% 10 Year
09 Jul 2005
1.2234
11% 20 Year
USD/CAD historic rates & change to 04-Jul-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