USD to CAD Exchange Rate

About USD/CAD

The USD/CAD currency pair represents the exchange rate between the US Dollar and the Canadian Dollar. Often called "the Loonie," this is one of the most actively traded commodity currency pairs. The rate is heavily influenced by crude oil prices (Canada is a major oil exporter), interest rate differentials between the Fed and Bank of Canada, cross-border trade flows, and North American economic data. Higher oil prices typically strengthen the Canadian Dollar, causing USD/CAD to fall.