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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Mid-Market Rate
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Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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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?
Toronto residents buying Florida condos benefit when loonie exceeds $0.75, reducing C$500K property cost by C$12,500 versus $0.73. Oil price surges above $80/barrel strengthen CAD 2-3% within weeks—Alberta crude production (3.8M barrels daily) creates tight correlation. Bank of Canada and Fed meetings (8 annually) move rates 1-2% same day. Cross-border shoppers in Buffalo or Seattle watch for loonie strength; moving from $0.72 to $0.75 adds $15K to C$500K conversions—important for Vancouver or Montreal families funding US property purchases, cross-border shopping, or Arizona retirement plans. NAFTA/USMCA renegotiations create quarterly volatility opportunities.