Convert USD to CAD, Free
Live exchange rates updated daily. Enter any USD amount for the CAD equivalent.
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How to convert USD to CAD
The US dollar and Canadian dollar trade closely together because the two economies are deeply integrated through the USMCA trade agreement and cross-border supply chains. The USD/CAD pair (often called 'the loonie' in foreign exchange parlance, after the loon bird on Canadian coins) is the world's fifth most traded currency pair. The CAD is sensitive to oil prices because Canada is a major crude oil exporter.
This converter calculates the Canadian dollar equivalent of any US dollar amount using a current or recently fetched rate. The conversion runs in your browser via JavaScript; no data is sent to a server. Rates are mid-market reference rates; banks and exchange services add a spread.
Enter the USD amount
Type the US dollar amount. Cents as decimals are supported.
Read the CAD result
The converter multiplies by the current USD/CAD rate and shows the Canadian dollar equivalent.
Note the spread
The rate displayed is the mid-market rate. Your bank or exchange service charges a margin; the actual CAD you receive will be slightly less.
Reverse if needed
To convert CAD to USD, use the CAD to USD converter.
Frequently asked questions
Why does the Canadian dollar track oil prices?
Canada is the world's fourth-largest oil producer and the US's largest single oil supplier. When crude oil prices rise, Canadian oil export revenues increase, boosting demand for CAD. The correlation is strong but not perfect, as other factors (interest rate differentials, US economic strength) also influence the rate.
What is the historical USD/CAD range?
The CAD has traded between roughly 0.62 and 1.10 per USD over the past three decades. The loonie reached near-parity or slight premium against the US dollar several times during commodity booms. During US dollar strength periods, it has dropped toward 0.70-0.75 USD per CAD.
What is the ISO code for the Canadian dollar?
CAD. The symbol is $, often distinguished as CA$ or C$ to avoid confusion with the US dollar.
Is there a fee for converting USD to CAD at a Canadian bank?
Banks typically charge 1 to 3 percent above the mid-market rate. Credit cards with no foreign transaction fee charge less; some charge zero beyond the mid-market rate. Check your card's specific policy.
Do prices in Canada include sales tax?
Unlike the US, most Canadian prices are listed before tax. Add provincial and federal GST/HST, which ranges from 5% (Alberta) to 15% (Maritime provinces), when budgeting actual costs.