vs Yesterday
−0.0035
USD/CAD daily moves typically run 0.3–0.6%.
The Loonie · Daily
USD / CAD Exchange Rate
0.0000
-0.0035 vs. yesterday (−0.26%)
Past 12 months
1.3260 – 1.4525
vs Last Year+0.0220
5-Yr Avg1.3340
1 USD =C$1.3675
The dollar buys C$1.3675 — meaningfully weaker loonie than the 5-year average around C$1.33. Bank of Canada is roughly 75 bps ahead of the Fed on cuts, which is doing most of the lifting on the pair.
Historical trend
Daily ECB reference rate (4:00 PM CET).
Source: Frankfurter API (ECB reference data)
The long view: 35 years of the loonie
From parity in 2007 to today. Oil, the Fed, and trade flows write this story.
Peak USD 1.6193 · Jan 2002
Peak Loonie 0.9180 · Nov 2007
Today 1.3675
How today stacks up
vs Last Year
+0.0220
Up +1.6% — loonie modestly weaker over the year.
5-Year Average
1.3340
Today is 335 pips above the 5-yr mean.
All-Time Range
0.92–1.62
Today sits in the upper third of the 35-year range.
Use this rate
Tools for cross-border travelers and freelancers.
About the USD/CAD Exchange Rate
USD/CAD — sometimes called "the loonie" by traders (after the loon depicted on the Canadian dollar coin) — is the third-most traded currency pair in North American hours and a core "commodity currency" pair. It's quoted as the number of Canadian dollars one U.S. dollar buys: today's 1.3675 means $1 USD = C$1.3675, or one Canadian dollar costs $0.7313 USD.
What moves the loonie
USD/CAD is famously sensitive to crude oil prices — Canada is the world's fourth-largest oil producer and energy makes up about 12% of the Canadian economy. When oil rallies, the loonie strengthens (USD/CAD falls). The pair also tracks U.S.–Canada interest rate differentials: when the Fed is hiking faster than the Bank of Canada, USD/CAD rises. Trade-policy news between the two countries can move the pair sharply — the 2018 USMCA renegotiation pushed USD/CAD around 5% over a few weeks.
Reading this chart
The long view shows USD/CAD trading in roughly a 0.92–1.62 range over 35 years, with the strongest loonie reading at 0.918 in November 2007 (commodity boom + weak dollar) and weakest at 1.619 in 2002 (post-dot-com U.S. dollar strength). Today's 1.3675 sits in the upper-middle of that historical range — the loonie is slightly weak by long-run standards, reflecting the Fed-BoC rate gap that opened up in late 2024 and a softer oil regime through 2025.
Related trackers
Other live numbers that move with — or against — this one.
Frequently asked
What this number means, and what it doesn't.
The Canadian 1-dollar coin (introduced in 1987 to replace the paper dollar) depicts a common loon, a North American waterbird. Traders shortened "Canadian dollar" to "loonie" and the nickname stuck. The 2-dollar coin, introduced in 1996 with a polar bear on it, is correspondingly called the "toonie."
Strongly. Oil exports earn Canada significant foreign exchange (especially USD from U.S. and Asian buyers), and producers must convert those dollars back into Canadian dollars to pay domestic costs. When oil rallies, that conversion flow strengthens the loonie. Empirically, USD/CAD has a correlation of roughly −0.6 to −0.7 with WTI crude — they move strongly in opposite directions.
November 2007, briefly. The loonie traded as strong as 0.9180 USD/CAD (meaning $1 USD = C$0.918, or C$1 = $1.089 USD). At one moment in late September 2007 the loonie was the world's strongest major currency. The 2008–09 financial crisis pushed the pair back above 1.30 and it has not retested parity since.
Because Canada exports about 75% of its goods to the U.S., U.S. economic data is functionally Canadian data with a lag. Strong U.S. payrolls or PCE data move both the U.S. dollar AND expectations for Canadian exports. The result: USD/CAD tends to react more sharply to U.S. data prints than even some pure-U.S.-pair crosses.
Historically yes, but recently no. Through 2024–25 the BoC cut rates ahead of the Fed by about 75 basis points, which is the primary driver of the loonie weakness over the past year. The BoC tends to follow the Fed within a couple meetings — diverging when Canadian inflation runs differently from U.S. inflation, which is the current situation.
Methodology
Source
Pulled from Frankfurter (ECB) and cached on the EvvyTools server.
Update schedule
Refreshed automatically by our cron whenever the upstream source publishes a new value. Historical values are not revised after publication.
How we compute
Display value is the raw published number, unrounded. Comparison stats use the closest available reference date. We never edit the underlying data.