Canadian Dollar to US Dollar — CAD to USD
CAD to USD Converter
CAD/USD Rate — Last 30 Days
Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 0.7249 | 0.7204 | 0.7236 |
| 30 days | 0.7364 | 0.7204 | 0.7291 |
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Set a target rate — we email you when CAD/USD hits it. Checked every 15 minutes.
Historical CAD/USD Rates by Year
What drives the CAD/USD rate?
Whether you're traveling to the US, paying a USD invoice, or watching how many American dollars your loonie buys, here's what drives the Canadian Dollar to US Dollar rate. The USD/CAD rate is strongly influenced by oil prices since Canada is one of the world's largest oil exporters. When crude oil prices rise, global demand for Canadian dollars increases, typically strengthening CAD against USD. Bank of Canada interest rate decisions and US Federal Reserve policy also play major roles — when Canada raises rates faster than the US, CAD typically strengthens. The pair is also sensitive to Canada-US trade data and GDP releases.
How to get the best CAD to USD rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 CAD exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.