USD to CAD Exchange Rate Today
US Dollar to Canadian Dollar exchange rates for cross-border workers, property buyers, and businesses. The USD/CAD pair moves with oil prices and trade. Get 30-minute rate updates for your North American currency needs.
1000 USD =
1,418.20CAD
1 CAD = 0.7051 USD
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USD to CAD conversion table
Common amounts at the current mid-market rate of 1 USD = 1.42 CAD.
Mid-market rate: the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 USD
Nobody converts at the mid-market rate. At 1 USD = 1.42 CAD, a perfect conversion of 1,000 USD would be 1,418 CAD. Here is what 8 services would really send, fee and exchange-rate margin included.
On 1,000 USD, the gap between the best and worst option here is 58.24 CAD for the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer to a bank account, not a live quote. Promotional offers and payment method can change it. Check the provider before sending. Where we price a service from its own recent quotes, its row uses the fee and rate margin from that quote. Some services we price from their own quotes are not in this table, because their quote for this pair depends on a payment or delivery choice or we hold none for it, so “cheapest” is among the services shown. Each is priced on its own calculator.
Frequently Asked Questions
What is the USD to CAD exchange rate today?
On October 16, 2026, the US Dollar to Canadian Dollar mid-market rate was 1 USD = 1.42 CAD. As North American neighbors with significant cross-border trade, USD/CAD is one of the world's most traded currency pairs. Check our live converter above for today's current USD to CAD rate updated every 30 minutes.
Why is the Canadian Dollar weaker than the US Dollar?
CAD is often weaker than USD due to several factors: Canada's smaller economy, heavy reliance on commodity exports (especially oil - when oil prices fall, CAD weakens), interest rate differentials between Federal Reserve and Bank of Canada, and the USD's status as global reserve currency. However, CAD strength varies with oil prices and economic cycles.
How do I transfer USD to CAD for the best rate?
For USD to CAD transfers, avoid airport exchanges and traditional banks, which build a markup into their rate. Online services like Wise, Revolut, or OFX are the usual alternative. Many Canadians working in the US use these platforms. Compare fees and exchange rates - even 0.5% difference matters on large transfers.
Can I use US Dollars in Canada?
Some Canadian businesses near the US border accept USD, especially in tourist areas of Vancouver, Toronto, and Niagara Falls. However, they'll give poor exchange rates. ATMs throughout Canada dispense CAD. Credit cards work everywhere. For best value, convert USD to CAD through banks or exchange services before spending.
When is the best time to convert USD to CAD?
USD/CAD rates are influenced by oil prices, Bank of Canada vs Federal Reserve rate decisions, employment data from both countries, and NAFTA/USMCA trade relations. Monitor these factors for optimal timing. For regular needs (property, tuition, business), consider dollar-cost averaging by converting smaller amounts regularly rather than timing the market.
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