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USD to CAD Rates - 2026 Forecast

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.

 

USD/CAD Outlook:

The USD/CAD pair is slightly weaker, trading just below its 90-day average and within the middle of its 3-month range. The outlook suggests a sideways movement as both currencies face opposing forces.

Key drivers:

• Rate gap: The Federal Reserve's expected rate cuts contrast with the Bank of Canada maintaining a steady approach, favoring USD.

• Risk/commodities: The Canadian dollar declines as oil prices ease, impacting CAD negatively since it is a major oil exporter.

• One macro factor: Recent reports indicate a possible uptick in US jobless claims, which might affect USD demand.

Range:

The USD/CAD is likely to drift within its recent range of 1.3490 to 1.3925, showing stability with no clear trend.

What could change it:

• Upside risk: A rebound in oil prices could support the CAD.

• Downside risk: A significant rise in US jobless claims might weaken the USD.

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 =
1.3661We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d+0.2%▲
14dLows◒
USD to CAD at 1.3672 is just below its 3-month average, having traded in a very stable 3.2% range from 1.3490 to 1.3925
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  1 CAD = 0.7320 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
19 Feb 2026
1.3690
0.3% ▼2 Week
05 Dec 2025
1.3828
1.3% ▼3 Month
05 Mar 2025
1.4340
4.8% ▼1 Year
06 Mar 2021
1.2654
7.9% ▲5 Year
07 Mar 2016
1.3292
2.7% ▲10 Year
10 Mar 2006
1.1618
17.5% ▲20 Year
USD/CAD historic rates & change to 05-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