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USD vs CAD

Get the current mid-market rate for USD (US Dollar) / CAD (Canadian Dollar) for today’s right here.

The latest rates for USD (US Dollar) / CAD (Canadian Dollar) are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest forex market data to bring you live information to help you make the best forex trading decisions every day.

Today's 1 USD (US Dollar) is 1.337425 of CAD (Canadian Dollar) .

Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.

USD/CAD forex trading tips

The USD/CAD pair is historically one of the most heavily traded currency pairs. This is largely thanks to the business connections between the two countries. Currently the USD is the stronger of the two. CAD is a commodity currency, which means that the pair is heavily influenced by the price of commodities like oil.

When trading USD/CAD there are some important forex trading tips to keep in mind:

Watch the price of oil: Oil is one of the biggest indicators of the value of CAD. If oil is going up you should expect CAD to become stronger
Watch the Fed: The U.S. Fed can significantly impact the price of the dollar, keep an eye on the latest news and factor it into your trades.
Study the interest rate differential: The difference in interest rates between Canada and the U.S. can have a big impact on the currency.

Forex trading isn’t all about USD/CAD, there’s many other currencies that might interest you: