About the US Dollar to Canadian Dollar exchange rate
The USD/CAD pair shows how many Canadian Dollar (CAD) one US Dollar (USD) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
USD/CAD is quoted as CAD per one USD. At 1.4221, 1 USD equals 1.4221 CAD and 1 CAD equals 0.7032 USD. The inverse pair is CAD/USD.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the US Dollar and Canadian Dollar areas. Treasury teams, investors and travelers use USD/CAD to convert prices, hedge FX risk and compare returns.
How USD/CAD is quoted
In USD/CAD, USD is the base currency and CAD is the quote currency: the price is how many Canadian Dollar buy one US Dollar. A rise in USD/CAD means US Dollar strengthened against Canadian Dollar; a fall means US Dollar weakened.
What drives the US Dollar to Canadian Dollar rate
The USD/CAD rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the US Dollar and Canadian Dollar economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.