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CAD to USD 2026 Forecasts

Analysis of recent loonie → dollar forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Canadian dollar to US dollar performance and trends.

 

CAD/USD Outlook:

Bullish, as the CAD is currently above its recent average and near 3-month highs, supported by rising oil prices.

Key drivers:

• Rate gap: The Bank of Canada has maintained steady interest rates while the Federal Reserve recently ended a series of rate cuts, creating a favorable environment for the CAD.

• Risk/commodities: Recent gains in oil prices, currently well above their average, bolster the CAD as Canada is a major oil exporter.

• One macro factor: Weak US retail sales data raised concerns about consumer spending, putting additional pressure on the USD.

Range:

The CAD/USD is likely to drift within the stable zone of its recent trading range, with potential tests towards the upper end due to positive oil momentum.

What could change it:

• Upside risk: Stronger-than-expected Canadian employment data could further enhance the CAD's position.

• Downside risk: A surprise in US job figures that points to economic resilience could strengthen the USD and weigh on the CAD.

CAD-USD Rate Calculator

 
   
   
   
   
 
   
 
 

CAD to USD Market Data

Canadian dollar (CAD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy USD
1 CAD =
0.7383We compare provider deals to this wholesale mid-market rate. Read more
USD
1d0.0%⬦
 
CAD to USD is at 7-day highs near 0.7378, 1.9% above its 3-month average of 0.7238, having traded in a quite stable 4.6% range from 0.7087 to 0.7413
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  1 USD = 1.3544 CAD

Compare & Save - Canadian dollar to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.

Use our CAD to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs US dollar current value is to look the CAD/USD historic rate and change over a range of periods.

The following table looks at the change in the CAD to USD exchange rate over periods from the previous week back to the last 10 years.

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more