Live Canadian Dollar to US Dollars Exchange Rate USD Today

To view rates between the US Dollar and the Canadian Dollar for a particular year, click on one of the links below. She said the federal government and the premiers should “focus on diplomacy” and drop “further talk of retaliatory measures” like the threat of Canadian tariffs on U.S. goods or cutting off oil supplies. She said Trump’s border czar, Tom Homan, gave her and other officials “some good feedback” over the weekend about the billion-dollar plan — and that might help Canada keep Trump at bay. In one of his last campaign stump speeches before election day, Trump again pitched punishing tariffs as a way to force Canada and Mexico to act on drugs and migrants coming into the U.S.

Canada is prepared to impose retaliatory tariffs on the U.S. if Trump eventually moves ahead with any trade action. Officials have already drawn up a plan that will levy immediate tariffs on $37-billion worth of American goods if Trump moves against Canada. “I think we’ll do it Feb. 1,” the president said in response to a question about when those tariffs could be implemented. Speaking to reporters on his return to the Oval Office Monday, Trump recited concerns about the Canadian and Mexican borders while reiterating the effects of the eu economic indicators in forex trading his threat to hit both countries with a sweeping 25 per cent tariff. The Bank of Japan ended its two-day monetary meeting and raised its key interest rate to about 0.5 per cent from 0.25 per cent, noting that inflation is holding at a desirable target level. The day range on the loonie was 69.51 US cents to 69.86 US cents in early trading.

Food giant says it is proud that its ketchup is ‘made in Canada, by Canadians, using Canadian tomatoes’

• Canada was ranked tenth in terms of GDP (measured in U.S. dollars) in 2023.
• The relationship between Canada and the United States gives Canadian dollar traders a reason to watch the events in the United States.
• “After a week of Trump being in office, the various executive orders are not being disruptive to oil supplies.
• The Canadian dollar is popularly traded against many currencies, with the three highest trading volumes occurring on the CAD/CNH (Chinese Yuan Renminbi Offshore), CAD/ZAR (South African Rand), and USD/CAD.
• Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases.
• TORONTO (AP) — Canada’s outgoing prime minister and the leader of the country’s oil rich province of Alberta are both confident Canada can avoid the 25% tariffs President Donald Trump says he will impose on Feb. 1.

Over the last 7 days, the best beneficial exchange rate was $1.44. Convert from Canadian dollars based on daily exchange rates. The CEER index is a weighted average of bilateral exchange rates for the Canadian dollar against the currencies of Canada’s major trading partners.

USD to CAD stats

While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar.

Corporate news

• Ford suggested he could call an election sometime soon to get a new mandate from voters to handle the tariff threat and the possible fallout.
• The price of Oil is a key factor impacting the value of the Canadian Dollar.
• They add hidden markups to their exchange rates – charging you more without your knowledge.
• Trump, who was sworn in as president around noon on Monday, has been signalling since November that he would introduce tariffs on Canada and Mexico.
• With USD/CAD’s interest rate differential set to widen even further, it is unlikely that FX markets will find much reason to bid up the Loonie after both central banks make their rate call appearances, both scheduled for next Wednesday.
• Smith, the premier of Canada’s oil rich province of Alberta, said the April 1 deadline gives Canadians time to make case to the Trump administration that Canada should be exempted from tariffs.

“We’re thinking in terms of 25 per cent tariffs on Mexico and Canada because they’re allowing vast numbers of people … and fentanyl to come in,” Trump said. Authors and topics you follow will be added to your personal news feed in Following. Verizon Communications has forecast annual free cash flow and profit below Wall Street estimates, as the U.S. telecom major spends heavily to expand high-speed internet services and attract customers in a saturating wireless market. American Express has reported a 12-per-cent jump in fourth-quarter profit, as more consumers swiped cards during the holiday season for travel and online shopping.

Convert USD to CAD at the real exchange rate

Trudeau says he supports the ‘principle of dollar-for-dollar matching tariffs’ to U.S. Speaking with reporters after a Wednesday meeting with the premiers, Trudeau urged consumers to seek out Canadian-made products to avoid U.S. imports that could soon be more costly because of retaliatory tariffs. Capital market participants are expecting a series of interest rate cuts this year in both the Eurozone and the US, with two interest rate cuts of 25 basis points each by the US Federal Reserve and four by the European Central Bank (ECB). The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate white label cryptocurrency exchange software impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases.

Trump pledged in his inaugural address that tariffs would be coming in a speech in which he promised a golden era for America. He later said Canada and Mexico could be hit with the tariffs as soon as Feb. 1, though he signed an executive order requesting a report coordinated by the Secretary of Commerce by April. And I’m going to encourage all the premiers to do the exact same,” Ford said, adding there will be a dollar-for-dollar tariff retaliation on American goods entering Canada. Justin Trudeau and Danielle Smith will argue that Canada is the energy super power that has the oil and critical minerals that America needs to feed what Trump vows will be a booming U.S. economy. The average age of Canada’s population is high compared to global standards, which means it has a higher percentage of middle-aged and older citizens than many other developed countries.

Canadian dollars to US dollars today

Because the markets open and close globally at different times, they overlap to create a 24-hour weekday forex session. However, the Canadian dollar generally picks up when the U.S. market opens, about 1 p.m. Foreign exchange (forex) trading is a popular activity for currency speculators, and Canadian dollar pairs provide an excellent opportunity for profit. However, forex is not a market for the unprepared, and investors should thoroughly do their homework before entering the market. The other premiers and the prime minister agreed to use “every tool in the toolbox,” including a possible energy export ban as a last resort, to top 5 stop loss orders strategies for futures trading hit back at Trump if he moved ahead with tariffs. Nearly $3.6 billion Canadian dollars ($2.7 billion) worth of goods and services cross the border each day.

Experts have said just a 10 per cent levy would shave billions of dollars of the GDP and potentially plunge the country into a painful recession requiring government stimulus to prop up the economy. Trump, who was sworn in as president around noon on Monday, has been signalling since November that he would introduce tariffs on Canada and Mexico. Trump initially promised to do so on his first day in office, but a number of U.S. media outlets began reporting early on Monday that the tariffs wouldn’t be a day one issue for the new president. Global shares were mixed after a degree of caution set in over U.S. President Donald Trump’s latest comments on tariffs and trade. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.

As is often the case with countries that rely on commodities for a sizable portion of their exports, the performance of the Canadian dollar is often related to the movement of commodity prices. In the case of Canada, the price of oil is particularly significant for currency moves, and investors tend to go long on loonies and short on oil importers (such as Japan, for instance) when oil prices are increasing. Similarly, there is some impact on the loonie fiscal and trade policy in countries like China and other countries that are major Canadian material importers.

Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals. The currency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years.