Is USD to CAD going up or down?

As of February 12, 2026, the exchange rate for USD to CAD is 1.3564, denoting a -0.08% change. The pair is showing downward 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 1.3564, giving a sense of how the loonie is positioned against the US dollar. Against the euro, EUR/CAD is hovering near 1.61066, while the British pound sits around 1.8492 on the GBP/CAD pair. For those watching the yen, the CAD/JPY rate is currently near 112.977, 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 1.3564. 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 -0.08% 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.

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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

February 12, 2026

Canadian Dollar News - Loonie steady but vulnerable amid tariff uncertainty

USD/CAD remains range-bound, with the US dollar rate today trading sideways after stronger-than-expected nonfarm payrolls provided a moderate boost. Markets are now turning to upcoming initial jobless claims for further confirmation on labour market momentum, leaving the exchange rate steady but lacking a clear catalyst for a breakout. Meanwhile, the Canadian dollar rate today iis holding in a narrow range, supported by stable conditions but still vulnerable as renewed tariff and trade uncertainty resurfaces as a downside risk. Until clearer signals emerge on trade developments or US data shifts expectations, CAD to USD is likely to continue drifting within familiar levels rather than establishing a sustained trend.

Today's Global Currency Highlights

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

USD: US dollar faces renewed selling pressure as markets anticipate only modest gains in nonfarm payrolls, raising doubts over a meaningful Fed pivot.
CAD: Canadian dollar extends its recent advance as the USD lingers near multi-week lows, attention now on the BoC’s Summary of Deliberations for fresh signals.
EUR: Euro eases from weekly highs but consolidates its gains with an underlying firm tone, as US releases take center stage amid a light Eurozone calendar.
GBP: Sterling slips back into red as political uncertainty resurfaces after mounting pressure on PM Starmer to step down, GDP data to be the next key test.
JPY: Yen builds further on its recovery as optimism persists that PM Takaichi will be more fiscally disciplined, Fed–BoJ divergence continues to lend support.
AUD: Aussie dollar again tests three-year highs as robust data fuels hawkish RBA expectations, focus now on Thursday’s consumer inflation expectations.

CAD Daily Performance Against Global Currencies

Pair	Rates	Daily	Ranges

Today's Economic Calendar

In today’s daily FX spotlight, markets are focused on a high-impact economic calendar, with labour data and central bank signals dominating the FX calendar. In the US, Nonfarm Payrolls and the unemployment rate will be critical for shaping expectations around the Fed’s next move, driving volatility in the US dollar today. In Canada, building permits will offer a read on housing-related momentum, while the Bank of Canada’s Summary of Deliberations is set to provide fresh insight into the policy outlook. Together, these releases will be key to determining whether the Canadian dollar can extend its recent strength or if shifting rate expectations reassert pressure on the broader USD/CAD dynamic.

date	event	actual	consensus	previous

Latest events

Canadian Dollar Daily Outlook

The latest Canadian dollar news points to a cautiously constructive outlook, with the Canadian dollar rate today supported by recent USD softness but still highly sensitive to incoming domestic signals. With building permits and the Bank of Canada’s Summary of Deliberations in focus, markets will be looking for confirmation that policy remains steady and inflation risks are contained. A supportive BoC tone could help the loonie hold its gains, while any surprise shift in guidance or stronger US labour data may limit upside and keep CAD trading in a narrow range.

USD/CAD Daily Update

What’s the USD/CAD rate today?
On February 12, 2026, the USD/CAD pair is trading at 1.3564, representing a -0.08% move in the last 24 hours.

USD/CAD highlights

USD pressured ahead of payrolls: The US dollar faces renewed selling as markets expect only modest nonfarm payroll gains, keeping USD/CAD tilted lower.
Fed pivot doubts weigh on USD tone: Softer labour expectations are raising questions over the scope for a meaningful Fed shift, shaping near-term CAD to USD flows.
CAD extends advance on USD weakness: The Canadian dollar continues to firm as the greenback lingers near multi-week lows, supporting a softer USD/CAD bias.
BoC deliberations now key for CAD direction: Attention turns to the BoC’s Summary of Deliberations for fresh policy signals that could determine whether CAD to USD strength can hold.

Economic news impacting USD/CAD today

US Nonfarm Payrolls
US Unemployment Rate
Canada Building Permits
Canada BoC Summary of Deliberations

Daily trading range

USD/CAD pair is fluctuating within a recent 1.3500–1.3650 range and holding near the lower end of that band with a mild downward bias.

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EUR/CAD Daily Update

What’s the EUR/CAD rate today?
On February 12, 2026, the EUR/CAD pair is trading at 1.61066, representing a -0.02% move in the last 24 hours.

EUR/CAD highlights

Euro slips from highs but holds firm: The euro eases modestly from weekly peaks, though EUR/CAD remains supported with gains largely intact.
Light eurozone calendar keeps EUR range-bound: With few domestic catalysts, momentum in CAD to EUR moves is limited as markets await clearer direction.
US data now the key driver for EUR tone: Attention shifts to major US releases, which are likely to dictate near-term moves in EUR/CAD through broader risk and rate expectations.

Economic news impacting EUR/CAD today

ECB Schnabel's Speech

Daily trading range

EUR/CAD today is fluctuating within a recent 1.6100–1.6300 range and holding near the lower-middle of that band with a mildly firm bias.

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GBP/CAD Daily Update

What’s the GBP/CAD rate today?
On February 12, 2026, the GBP/CAD pair is trading at 1.8492, representing a 0.02% move in the last 24 hours.

GBP/CAD highlights

Sterling turns lower as uncertainty returns: The pound slips back into negative territory as renewed political pressure weighs on sentiment, keeping GBP/CAD soft.
Leadership risks cap GBP upside: Mounting calls for PM Starmer to step down are undermining confidence, limiting strength in CAD to GBP moves.
GDP data next key driver for GBP: Upcoming UK GDP figures will be crucial in determining whether GBP/CAD stabilises or extends its pullback.

Economic news impacting GBP/CAD today

GDP (Thursday)

Daily trading range

GBP/CAD is fluctuating within a recent 1.8500–1.8750 range and holding near the lower end of that band with a mildly soft bias.

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CAD/JPY Daily Update

What’s the CAD/JPY rate today?
On February 12, 2026, the CAD/JPY pair is trading at 112.977, representing a 0.17% move in the last 24 hours.

CAD/JPY highlights

Yen extends its recovery gains: The yen continues to build on its rebound as sentiment improves, keeping CAD/JPY slightly softer.
Fiscal optimism supports JPY tone: Markets remain encouraged that PM Takaichi will take a more disciplined fiscal approach, boosting demand across CAD to JPY moves.
Fed–BoJ divergence remains a key tailwind: Ongoing policy divergence continues to underpin the yen, leaving CAD/JPY biased lower unless risk sentiment shifts.

Economic news impacting CAD/JPY today

Producer Price Index

Daily trading range

CAD/JPY today is fluctuating within a recent 112.50–115.00 range and holding near the lower end of that band with a mildly defensive 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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