Is USD to CAD going up or down?

As of December 4, 2025, the exchange rate for USD to CAD is 1.39735, denoting a 0.17% change. The pair is showing upward trend based on recent market activity and economic data.

What is the Canadian dollar worth today?

The value of the Canadian dollar today depends on how it’s performing against major global currencies. Based on the latest market levels, the USD/CAD pair is trading around 1.39735, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.63063, while the British pound sits around 1.86529 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 110.692, offering a snapshot of CAD strength in Asian markets.

What is the prediction of the Canadian dollar against the US dollar?

The USD/CAD exchange rate has moved, influenced by shifting interest rate expectations, economic data, and global market sentiment. You can track current and historical trends on the MTFX live rates and FX forecast pages.

Is now a good time to buy Canadian dollars?

The current USD to CAD exchange rate is 1.39735. If that's not your desired rate and you're looking to buy CAD, consider setting a USD/CAD currency rate alert through MTFX so you can receive notifications when the pair reaches your target rate.

What is the forecast for CAD to USD in 2025?

The CAD to USD exchange rate has shown a 0.17% daily change, reflecting ongoing movements in interest rates, economic data, and market sentiment. While forecasts vary, you can view the latest projections and trend analysis on the MTFX CAD forecast page.

Is the Canadian dollar worth more than the American dollar?

No, the Canadian dollar is not worth more than the American dollar. In most market conditions, 1 USD buys more than 1 CAD, meaning the US dollar holds the higher value. The USD/CAD exchange rate shows this difference day to day.

How is the CAD performing today?

Today, the Canadian dollar is demonstrating remarkable resilience, buoyed by robust economic indicators and favourable global market sentiments. As it nudges against major currencies, it presents an opportunity for those closely monitoring its movements. The currency's value reflects strengthened domestic economic growth and greater optimism about trade volumes. This resilience demonstrates Canada’s adaptability in volatile markets. Strategists are confident, recognizing the CAD's underlying momentum, sustained by healthy commodity prices and steadfast monetary policies. Consequently, the loonie is maintaining its strength internationally. Investors are witnessing positive trends and are keen on leveraging the Canadian dollar’s performance. The country’s fiscal policies remain supportive, boosting global economic confidence. Furthermore, the CAD's current trajectory suggests an expanded scope for future gains, allowing an optimistic outlook for stakeholders. Anticipated policy shifts in global markets may also favour the Canadian currency's position. In sum, today’s progress in CAD speaks volumes of its enduring competitiveness. Market players continue to watch the loonie’s path with an eye on long-term opportunities

Can I exchange USD for CAD?

Certainly, exchanging USD for CAD is a straightforward process managed effortlessly in Canada through various financial channels. Firstly, currency conversion is facilitated by banks, which remain one of the most reliable avenues for exchanging your USD for CAD. These institutions not only provide convenience but also offer competitive rates backed by comprehensive financial services. Additionally, major banks have branches and ATMs widely distributed across the country, enhancing your access to seamless currency exchange transactions. Furthermore, alternative financial services such as currency exchange booths and online platforms can often provide appealing rates or lower transaction fees compared to traditional bank setups. These facilities are especially beneficial when time is of the essence or when a more favourable exchange rate is sought after. Using these platforms provides a quick and efficient means to convert currencies with user-friendly interfaces and secure transaction protocols. Finally, whether exchanging money for travel, business, or investment, it is advisable to stay updated on current exchange rates, as this knowledge empowers consumers to make informed financial decisions. Embracing digital resources or visiting financial institutions directly can provide you with the latest insights and an optimal exchange experience.

What is the CAD exchange rate?

The Canadian dollar, an essential pillar of the nation's economic architecture, fluctuates in value against other major currencies based on myriad dynamic factors. These factors include commodity prices, global economic trends, and fiscal policies, each of which plays a critical role in shaping exchange rates. Focusing on commodities, Canada’s abundant natural resources, particularly oil, significantly influence the dollar's value. Changes in oil prices often trigger corresponding shifts in the currency's worth. Globally, the Canadian economy's interaction with significant currencies like the US dollar and the Euro further bolsters its performance. These interactions can pivot on trade balances, investment trends, and central bank actions. Domestically, the Bank of Canada’s policies are pivotal. Interest rate adjustments, policy announcements, and economic outlooks projected by the Bank significantly influence investor confidence and currency valuation. In light of such complexities, the exchange rate can be seen as a live barometer of the underlying economic health and future expectations surrounding Canada's economic position. Currency traders, investors, and policymakers all maintain a keen interest in the loonie’s movements given their broad implications. Ultimately, understanding these intricate relations equips businesses with strategies to mitigate risk while capitalizing on opportunities that exchange rate movements present. The currency's resilience is a testament to its ability to anchor Canada’s economic aspirations firmly on the global stage.

Can I use CAD for online purchases?

Leveraging the power of your Canadian dollars for online purchases offers a straightforward, seamless experience, as most Canadian online retailers readily accept CAD. This ease of transaction simplifies online shopping, ensuring that your financial dealings remain within familiar and advantageous parameters. For international transactions, however, it's important to recognize the potential for currency conversion. Many global platforms cater to Canadian consumers by offering CAD as an accepted currency, but it is crucial to verify this option during checkout. Utilizing CAD for online purchases can also provide a strategic advantage in managing currency risk, particularly when exchange rates are unfavourable or volatile. This stability allows consumers and businesses alike to optimize their financial strategies, avoiding unnecessary fees and fostering economic efficiency. The digital economy's spirited momentum means numerous platforms now offer multi-currency capabilities, expanding buying power and access worldwide. For businesses, this means expanding their horizons beyond commerce; for consumers, it means enjoying the burgeoning variety of products and services without currency barriers. In this evolving landscape, Canadian consumers are empowered to navigate and seize opportunities in the vast expanse of global online commerce, enhancing both their purchasing experiences and economic participation.

What affects the value of the Canadian dollar?

The value of the Canadian dollar reflects both domestic and international economic realities. Its fluctuations are guided by a tapestry of factors, from the vibrant pulse of global commodity markets to the nuanced shifts in monetary policy. Taking centre stage, the Canadian economy's heavy reliance on natural resources, notably oil, means that fluctuations in these market prices can have a dramatic impact on the dollar. When oil prices soar, the loonie tends to strengthen as Canada enjoys a surge in export revenues and an enhanced international economic standing. Moreover, economic policies crafted by the Bank of Canada significantly sway the dollar's trajectory. Changes in interest rates, for example, can alter investor behaviour, affecting capital inflows and outflows and thereby influencing currency value. The anticipation of policy directions often stirs market sentiment, reverberating across global forex markets. Additionally, global economic conditions extend their influence across borders. From economic growth rates in trading partner countries to geopolitical events that shake investor confidence, external trends cast a profound influence over the loonie’s valuation. Understanding these shifting dynamics enables stakeholders to navigate the currents of the international financial landscape effectively, ensuring the Canadian dollar remains resilient and competitive on the world stage.

Currency Updates

Forecast and Trends: Canadian Dollar Today

Understand global finance dynamics by tracking key players, like the euro, pound, and the Canadian dollar today, including monitoring the USD to CAD exchange rate, as they respond to the daily exchange rates, economic shifts, market sentiment, and international trade flows using a currency converter.

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Written by Ash Abbasi

December 4, 2025

Canadian Dollar News - Loonie steadies as USD sell-off cools

The US dollar rate today is stabilizing after a sharp sell-off, with disappointment in nonfarm payrolls and PMI readings prompting markets to raise Fed cut expectations ahead of this week’s additional employment indicators. Meanwhile, the Canadian dollar rate today is struggling to extend its overnight rebound, holding within its familiar weekly band as diverging Fed–BoC policy paths and firmer oil prices offer a measure of support. With both currencies reacting to shifting rate expectations and softer macro signals, the CAD to USD exchange rate remains range-bound, reflecting a market hesitant to commit in either direction. Unless incoming data delivers a clearer narrative on labour trends or central bank momentum, USD/CAD is likely to continue oscillating within its current band, with CAD resilience capped but still underpinned by relative domestic stability.

Today's Global Currency Highlights

A quick view of the CAD today against the USD and other major currencies.

USD: US dollar comes under renewed pressure after Trump hints at WH Economic Adviser Hassett as the next Fed chair, focus on ADP employment for cues.
CAD: Canadian dollar posts modest gains on broad USD weakness, with upcoming labour market and PMI releases expected to guide near-term momentum.
EUR: Euro climbs to fresh monthly highs after stronger-than-expected EU activity data, widening Fed-ECB policy divergence offers additional support.
GBP: Sterling advances on upbeat PMIs, though comments from PM Starmer signalling a preference for lower interest rates may curb further upside.
JPY: Yen remains depressed as easing JGB yields follow strong demand at the latest 10-year auction, Ueda's hawkish remarks help temper deeper losses.
AUD: Australian dollar edges higher as USD softness persists, RBA Governor Bullock warns monetary conditions may tighten if inflation stays sticky.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, a busy economic calendar is set to drive momentum for both the Canadian dollar and the US dollar, with traders watching a series of high-impact releases. The FX calendar features the closely watched US ADP Nonfarm Employment Change, along with the S&P Global and ISM Services PMIs, key indicators that will shape expectations around US labour strength and the Fed’s policy path. On the Canadian side, Services PMI and labour productivity figures will provide important insight into domestic economic resilience. Stronger readings could offer the loonie a lift, while softer results may leave the Canadian dollar today vulnerable to external pressure. With multiple catalysts on deck, USD/CAD volatility may pick up as markets digest cross-border data signals and adjust positioning accordingly.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news reflects a cautious but slightly improving tone, with the Canadian dollar rate today attempting to stabilize as traders brace for a packed slate of cross-border data. Canada’s Services PMI and labour productivity figures will offer a key read on domestic economic momentum at a time when the loonie has struggled to build sustained upside. At the same time, US releases—including ADP employment and major services PMIs, will heavily influence broader risk sentiment and shape the near-term direction of USD/CAD. A softer US data set could favour CAD by reinforcing expectations of Fed easing, while stronger US numbers may revive USD demand and limit any loonie recovery.

USD/CAD Daily Update

What’s the USD/CAD rate today?
As of December 4, 2025, the USD/CAD pair trades at 1.39735, representing a 0.17% move in the last 24 hours.

USD/CAD highlights

USD weakens on Fed leadership uncertainty: The US dollar comes under fresh pressure after Trump hints that WH Economic Adviser Hassett may become the next Fed chair, adding policy uncertainty and pulling USD/CAD lower in early trade.
ADP employment in focus for USD direction: With markets awaiting the ADP Nonfarm Employment Change for labour-market clues, CAD to USD rate remains highly sensitive to any signals that could reshape Fed rate-cut expectations.
CAD edges higher on broad USD softness: The Canadian dollar posts modest gains as the weaker USD provides a supportive backdrop, helping cap USD/CAD upside despite lingering caution around global risk sentiment.
Domestic data to steer next CAD move: Traders look to Canada’s labour productivity and Services PMI for fresh direction, leaving CAD to USD dynamics poised for further adjustment.

Economic news impacting USD/CAD today

US ADP Nonfarm Employment Change
US S&P Global + ISM Services PMI
Canada Trade Balance
Canada Services PMI

Daily trading range

USD/CAD today is holding within a 1.3905–1.3968 range with a slightly bearish bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
As of December 4, 2025, the EUR/CAD pair trades at 1.63063, representing a 0.22% move in the last 24 hours.

EUR/CAD highlights

Euro jumps to fresh monthly highs: The euro pushes higher after stronger-than-expected EU activity data boosts confidence in the regional outlook, lifting EUR/CAD and extending recent upside momentum.
Fed–ECB divergence supports EUR strength: With US rate-cut expectations rising and the ECB appearing comparatively firmer, widening policy divergence continues to favour the euro, guiding CAD to EUR rate toward EUR appreciation.
Upbeat data fuels sentiment but risks remain: Although the euro is benefiting from improved economic signals, traders remain mindful of lingering growth concerns, leaving EUR/CAD gains dependent on whether upcoming EU indicators can sustain the momentum.

Economic news impacting EUR/CAD today

ECB President Lagarde's Speech

Daily trading range

EUR/CAD today is holding within a 1.6235–1.6298 range with a slightly bullish bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
As of December 4, 2025, the GBP/CAD pair trades at 1.86529, representing a 0.20% move in the last 24 hours.

GBP/CAD highlights

Sterling rises on stronger UK PMIs: The pound advances after upbeat UK services and manufacturing PMIs boost confidence in the economic outlook, lifting GBP/CAD in early trade.
Political signals temper GBP enthusiasm: Comments from PM Starmer expressing a preference for lower rates curb some of the GBP's upside potential, keeping CAD to GBP rate cautious as markets reassess BoE policy expectations.
Upside momentum remains moderate: Despite improved data, political tone and dovish policy implications cap further gains, leaving GBP/CAD momentum steady but susceptible to pullbacks if sentiment shifts.

Economic news impacting GBP/CAD today

BoE Mann's Speech

Daily trading range

GBP/CAD today holding within a 1.8505–1.8572 range with a neutral-to-slightly bullish bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
As of December 4, 2025, the CAD/JPY pair trades at 110.692, representing a -0.50% move in the last 24 hours.

CAD/JPY highlights

Yen stays under pressure as yields ease: The Japanese yen remains depressed as easing JGB yields, driven by strong demand at the latest 10-year auction, keep CAD/JPY supported and limit meaningful JPY recovery.
Hawkish Ueda tones down deeper losses: Governor Ueda’s recent hawkish remarks help cushion the yen from steeper declines, but the impact is modest, with CAD to JPY flows still favouring CAD strength in the near term.
JPY sentiment remains fragile: Despite some policy-related support, broader market positioning and subdued yield dynamics continue to weigh on the yen, maintaining an upward bias in CAD/JPY unless BoJ signals strengthen materially.

Economic news impacting CAD/JPY today

30-Year JGB Auction

Daily trading range

CAD/JPY today is holding within a 111.10–111.85 range with a slightly bullish bias.

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Written by

Ash Abbasi

Director of Sales

Ash Abbasi is the Director of Sales at MTFX, specializing in corporate FX and cross-border payment solutions for Canadian businesses. With a background in sales leadership and account management across global markets, he helps clients optimize international transactions and manage currency risk. Ash holds a degree from Aston Business School and a postgraduate diploma from Humber College.

Useful links

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CAD Monthly Currency Forecast

USD Monthly Forecast Report

CAD 5 Bank Forecast

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