Canadian Dollar to US Dollar exchange rate

As of 2026-07-08, 1 Canadian Dollar equals 0.704588 US Dollar at the mid-market exchange rate. This is the fairest reference rate — the midpoint between what buyers and sellers are paying on global currency markets.

Businesses importing from the United States into Canada watch the CAD/USD rate to hedge costs and set prices in local currency.

Canadian Dollar (CAD, C$): The Canadian Dollar is influenced by oil prices because Canada is a major crude oil exporter. It is the official currency of Canada.

US Dollar (USD, $): The US Dollar is the world's primary reserve currency and the most traded currency on global foreign-exchange markets. It is used in the United States.

Exchange rates respond to interest-rate decisions by central banks such as Bank of Canada and Federal Reserve, inflation data, trade balances, and geopolitical events.

For CAD/USD specifically, shifts in capital flows between Canada and the United States, changes in commodity prices, and differences in economic growth rates all contribute to daily rate movements.

Over the past 30 days, CAD/USD traded between 0.702646 and 0.717449, with the pair losing 1.74% overall. The current rate of 0.704588 sits below the 30-day midpoint of 0.710047.

Historical context helps you judge whether today's rate is relatively strong or weak, but past performance does not predict future movements. Always compare the rate you are offered against the mid-market figure shown here.

Banks and card providers typically add a 1–4% margin on top of the mid-market rate shown on this page, plus fixed transfer fees. Before exchanging CAD for USD, compare the final amount you will receive — not just the headline rate.

For larger amounts, specialist money-transfer services often beat bank rates. For travel, prepaid multi-currency cards or local ATMs may offer competitive rates depending on your bank's foreign-transaction fees.