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USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar

conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar

There are multiple levels of support underneath, so even though the US dollar has fallen a bit against the Canadian dollar, quite frankly even with a stronger Canadian jobs number there are a lot of things out there to worry about.
From a technical analysis standpoint, you can see that the 1.34 level looks to be offering support,
just as the 1.33 level is, followed by the 1.32 level, and so on. This is a very structurally driven market, which makes sense considering that the two economies are so highly intertwined.

Keep in mind that when things go bad, the Canadians tend to take it on the chin because the economy is so much smaller than the American one.
The Canadian dollar is a bit of a proxy for the oil markets and does look as if they are going to be a bit difficult to deal with as well.
Beyond that,
this pair may not be the best way to play crude oil anymore, as the Americans actually produce more crude oil than Canada.

1 USD to CAD

1 USD to CAD

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar


10 USD to CAD

10 USD to CAD

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar


100 USD to CAD

100 USD to CAD

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar


1000 USD to CAD

1000 USD to CAD

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar


36000 USD to CAD

36000 USD to CAD

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar


A temporary bullish rush dominated the Canadian dollar’s movements during the previous trading session, recording its highest level near the psychological barrier of 1.3700, which formed a negative pressure level on the price.

From the angle of technical analysis today, we find Stochastic has started to gradually lose its bullish momentum, and the daily bearish trend is motivating the continuation of negative pressure from the simple moving averages.

Canadian Dollar rate today

Therefore, we keep our negative outlook as it is, targeting the 1.3500 initial stations, knowing that breaking it increases and accelerates the strength of the expected bearish daily trend, opening the way directly toward 1.3410.

Overshooting upwards and consolidation above 1.3700 is able to thwart the suggested bearish scenario, leading the pair to a temporary ascending path, targeting 1.3780.

Warning: Trading on CFDs involves risks, so all scenarios may be possible, and what was clarified above is not a recommendation to buy or sell, but rather an illustrative reading of the price movement on the chart.

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar

USD to CAD LIVE Exchange RATE

The bullish trend of the USD/CAD currency pair gained strong momentum, which succeeded in moving toward the 1.3393 resistance level,
its the highest in two years. 
The performance came after the Canadian dollar fell on the heels of domestic inflation data that showed prices rose less than expected in August,
confirming the view that the Bank of Canada will be among the first major central banks to complete the rally cycle. 
The Canadian dollar was down against most of the major currencies after the headline Canadian CPI inflation read at -0.3%m/m in August, disappointing market expectations of -0.1% and the positive result for July at 0.1%. 
In the year to August, Canada’s CPI inflation rose 7.0%, lower than the 7.3% market forecast and less than 7.6% in July.

Core inflation – which strips out food and energy costs – remained unchanged during the month, falling from the most noticeable 0.5% in July. 
All of the Bank of Canada’s preferred inflation measures showed a slowdown: the overall CPI fell to 5.7% from 6.0%, the average fell to 4.8% from 4.9%, and fell to 5.2% from 5.4%.

USD 2 CAD – USD to CAD LIVE Exchange RATE

Commenting on this, Randall Bartlett, senior director of Canadian economics at Bank Desjardins,
says, “We think it is too early for the bank to claim that ‘mission accomplished.” 
But with interest-rate-sensitive economic sectors slowing and employment shrinking over the past few months,
the continued slowdown in price growth could cause the Bank of Canada to pause long after the October announcement,” he added, “while overall inflation remains well above the Bank of Canada target,
which Meaning that there are likely to be more rate hikes in the forecast,
there appears to be a clearer gap opening between Canadian and US inflation trends that would lead to a lower BoC peak than the Fed.”

The inflation data reinforces growing expectations that the Bank of Canada is nearing the end of its rate-raising cycle,
which in turn means that Canadian bond yields face limited upside. 
This is likely to deprive the Canadian dollar – a major gainer in 2022 – of support across the price channel going forward.

US Dollar to Canadian dollar

USD to CAD LIVE Exchange RATE US Dollar to Canadian dollar

Looking at the details, Canadian food prices soared 9.8% above last year,
hitting their highest level in more than four decades. 
But lower energy prices were the main driver in the inflation basket thanks to a 6.5% drop in the month to August. 
Looking ahead, RBC economist Claire Fan says stable demand – according to RBC’s own tracking of card spending – appears likely to limit the pace of price growth for physical goods in the future.

“Currently, growth in services prices, especially those related to leisure and travel,
is expected to remain higher for a longer period, supporting the strength of core inflation which we do not expect to peak until later in the fourth quarter of this year,” she says.

USD2CAD – USD to CAD LIVE Exchange RATE

RBC is looking for another 75 basis points of gains over the remainder of 2022,
which is much lower than expected from the likes of the Federal Reserve (190 basis points),
the Bank of England (194 basis points), and the European Central Bank (130 basis points). 
In fact, only the Bank of Japan is expected to offer less than the Bank of Canada (BoC) in the future. So James Knightley, chief international economist at ING,
says: “There are more hikes to come, but probably at a slower pace.”

The combination of falling oil prices, turbulent global stock markets, 
and the imminent end of the Bank of Canada’s rate hike cycle could provide potential headwinds for the Canadian dollar in the coming weeks.

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