CAD to USD Exchange Rate Today
How much USD will you get for your Canadian Dollars? Canadians shopping south of the border or paying US bills need current CAD/USD rates. Our converter updates every 30 minutes with mid-market exchange data.
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Frequently Asked Questions
How much US Dollars do I get for 100 Canadian Dollars?
For $100 CAD, you typically receive $70-80 USD depending on the current CAD/USD exchange rate. The Canadian Dollar is generally worth less than the US Dollar. Use our live converter above to see exactly how much USD you'll get for your CAD today. Exchange rates fluctuate hourly based on market conditions.
Why is the Canadian Dollar weaker than USD?
CAD trades lower than USD primarily due to Canada's resource-based economy heavily dependent on oil exports. When oil prices drop, CAD weakens. Other factors include Canada's smaller economy size, interest rate differences (Bank of Canada vs Federal Reserve), and USD's dominant position as the world's reserve currency affecting demand.
Best way to convert Canadian Dollars to US Dollars?
Canadians converting CAD to USD should compare multiple options: online platforms (Wise, OFX, Knightsbridge FX) offer best rates at 0.5-1% margin; Canadian banks charge 2.5-3%; border exchanges 3-5%; US ATM withdrawals include fees plus exchange markup. For amounts over $5,000, dedicated forex brokers may offer better CAD/USD rates.
Can Canadians use their debit cards in the USA?
Yes, Canadian debit/credit cards work at US merchants and ATMs. However, banks charge foreign exchange fees (typically 2.5%) plus ATM fees ($3-5). For frequent US visitors or cross-border shoppers, consider US dollar accounts from Canadian banks or CAD/USD credit cards like Home Trust Visa to avoid repeated conversion fees.
Should I buy US Dollars now or wait?
CAD/USD timing depends on economic indicators: watch oil prices (higher oil strengthens CAD), Bank of Canada interest rate announcements, US Federal Reserve policy, Canadian employment data, and trade relations. If you need USD regularly (US property, shopping), consider dollar-cost averaging. For one-time needs, monitor trends but don't try to perfectly time the market.