CAD to USD — Convert Canadian Dollars
to US Dollars at Today’s Rate
Live Canadian dollar to US dollar exchange rate with converter, chart, and conversion tables. Save up to 4% vs your bank on large CAD to USD transfers.
CAD
USD
Mid-market rate shown for reference. Transfer rates include a margin.
Canadian Dollar to US Dollar Exchange Rate History
Canadian Dollars to US Dollars — Conversion Table
Convert common CAD amounts to USD at today’s live mid-market rate. For amounts over C$5,000, get a transfer quote — our rates beat the banks.
Canadian Dollars to USD
| CAD | USD |
|---|---|
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USD to Canadian Dollars
| USD | CAD |
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What Affects the CAD to USD Exchange Rate?
The CAD/USD rate reflects the relative strength of the Canadian and US economies. Interest rate decisions, oil prices, and economic data all play a role in determining how many US dollars you get for your Canadian dollars.
Bank of Canada vs Federal Reserve Policy
Interest rate differentials between the BoC and Fed are primary drivers. Higher Canadian rates typically strengthen the CAD against USD.
Oil Prices (WTI Crude)
Canada is a major oil exporter. Rising oil prices typically strengthen the Canadian dollar, meaning more USD per CAD.
Canadian Economic Data
GDP, employment reports, and CPI releases move the loonie sharply. Strong Canadian data strengthens CAD against USD.
US-Canada Trade Relations
Trade agreements, tariffs, and cross-border economic integration significantly impact CAD/USD volatility.
How to Convert Canadian Dollars to US Dollars
Converting CAD to USD through Cambridge Currencies is straightforward. Use the converter above for a live mid-market rate, then get a transfer quote for a real rate that beats your bank.
Get a Quote
Tell us how many Canadian dollars you need to convert to US dollars and when you need to send. We’ll provide a live transfer rate — no obligation.
Set Up Your Account
Quick online registration with ID verification. Most accounts are ready within minutes.
Send Your Canadian Dollars
Transfer your CAD to our safeguarded client account. We convert at the agreed CAD to USD rate.
US Dollars Delivered
We send your US dollars directly to the recipient’s US bank account. Most CAD to USD transfers arrive within 1–2 working days.
Converting Large Amounts of Canadian Dollars to US Dollars
For transfers of C$25,000 or more, the exchange rate margin makes a significant difference. Here’s how much you could save by using Cambridge Currencies instead of a high-street bank.
| Amount | Bank Rate (est. 2% margin) | CC Rate (est. 0.4% margin) | You Save |
|---|---|---|---|
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Figures are illustrative based on typical margins. Your actual rate depends on the amount, currency pair, and market conditions. Get a personalised quote to see your exact rate.
Ready to Convert CAD to USD?
Get a personalised Canadian dollar to US dollar quote. We offer better exchange rates than banks with no transfer fees and dedicated support for large transfers.
About the Canadian Dollar and US Dollar
CAD — Canadian Dollar
The Canadian dollar (CAD) is the official currency of Canada and is the fifth most held reserve currency in the world. It uses the symbol $ or C$ to distinguish it from other dollar currencies, and is subdivided into 100 cents. The Canadian dollar is heavily influenced by commodity prices, particularly oil, and is nicknamed the “loonie” after the bird on the $1 coin.
Learn more about CAD → USD — United States Dollar
The US dollar (USD) is the world’s primary reserve currency and the most traded currency globally. It uses the symbol $ and is subdivided into 100 cents. The dollar is managed by the Federal Reserve and underpins global commodities pricing, including oil and gold.
Learn more about USD →CAD to USD Exchange Rate — FAQs
What is the CAD to USD exchange rate today?
The current live Canadian dollar to US dollar mid-market rate is displayed at the top of this page. It updates throughout the trading day using ECB reference data. For a transfer rate, request a personalised quote.
How do I convert Canadian dollars to US dollars?
Enter any Canadian dollar amount in the converter above to see the US dollar equivalent at today’s rate. For an actual transfer, Cambridge Currencies provides a live quote with rates that beat most banks by 2–4%.
How much is 1 CAD in USD?
1 CAD currently equals the amount shown in the live rate display at the top of this page. The CAD to USD rate changes throughout the day based on BoC and Fed policy, oil prices, and market sentiment.
How much is 250,000 CAD in US dollars?
Use the converter above to calculate the exact amount. On a transfer this large, the exchange rate margin matters significantly — a 1% difference equals $2,500+. Speak to our team for a preferential rate on large CAD to USD transfers.
How long does a CAD to USD transfer take?
Most Canadian dollar to US dollar transfers are sent via SWIFT and arrive within 1–2 working days. For property purchases or time-critical payments, we recommend allowing 2–3 working days to account for compliance checks.
Can I lock in a CAD to USD rate for a future transfer?
Yes. A forward contract lets you fix today’s CAD/USD rate for a transfer up to 12 months ahead. This is particularly useful for US property purchases funded from Canada, tuition payments, or planned large transfers.
Is it cheaper to convert CAD to USD with a broker or a bank?
A specialist currency broker like Cambridge Currencies is almost always cheaper than a bank for CAD to USD conversions over C$5,000. We work on tighter margins, charge no transfer fees, and offer tools like forward contracts that most banks don’t provide to personal customers.
What is the best way to send Canadian dollars to a US bank account?
The most cost-effective way is through a specialist currency broker. We convert your CAD to USD at a competitive rate, then deliver US dollars directly to the US bank account via Fedwire — often arriving the same day the conversion completes.