American Dollar to Canadian Dollar Conversion Table
| American Dollar (USD) | Canadian Dollar (CAD) |
|---|---|
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About the American Dollar to Canadian Dollar Rate
The USD/CAD exchange rate — commonly called the "Loonie" pair — is one of the most actively traded currency pairs in the world. Because Canada and the United States share the world's longest undefended border and are each other's largest trading partners, the rate is closely watched by businesses, travellers, and investors alike.
Key factors that move the American dollar vs Canadian dollar rate include: oil prices (Canada is a major exporter), Bank of Canada vs Federal Reserve interest rate differentials, Canadian employment data, and US economic indicators like CPI and GDP.
How to Get the Best American Dollar to Canadian Dollar Rate
The rate shown above is the mid-market rate — the fairest benchmark. When you convert at a bank or exchange bureau, they add a markup (typically 2–4%) on top. To minimize costs:
- Use a fintech service like Wise (≈0.6% fee vs mid-market)
- Avoid airport and hotel exchange kiosks (spreads up to 10%)
- Ask your bank for their "posted rate" vs the mid-market rate to calculate the true cost