The live Canadian-dollar-to-euro rate, updated every minute. Book CAD→EUR with SummitFX on WhatsApp — we accept incoming CAD via SWIFT and settle EUR via SEPA or SEPA Instant.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a CAD amount to see what you'd get in EUR, or enter a target EUR amount to see how many Canadian dollars you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.4–0.7% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
CAD/EUR is the mirror of EUR/CAD — read from the Canadian side. The pair moves on Bank of Canada policy, European Central Bank policy, oil prices, US economic data (since Canadian growth depends heavily on US demand), and global risk sentiment. The pair tends to be one of the more stable major crosses because the BoC closely tracks Fed policy and the ECB has a similar mandate, narrowing policy gap volatility.
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. Decisions, the post-meeting Monetary Policy Report, and Tiff Macklem's press conferences are the biggest scheduled CAD events. The BoC's policy path tends to track the Fed closely given US-Canada integration.
Oil prices: Canada is a major oil producer; oil exports are a meaningful share of national GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data and Fed policy: Around 75% of Canadian exports go to the US, so Canadian growth is closely linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data — sometimes more.
Canadian housing market: Canadian housing is a meaningful macro variable, affecting both consumer wealth and BoC's financial stability concerns. Major housing-sector developments can move the loonie.
Risk sentiment: CAD is moderately risk-on. In bullish global markets it strengthens against EUR; in stress episodes it weakens. The CAD-oil correlation tends to amplify both directions.
European Central Bank policy: The ECB sets eurozone interest rates (deposit rate 2.0% in early 2026). The ECB-BoC policy gap is a key driver. ECB rate decisions and Christine Lagarde's press conferences drive CAD/EUR through the policy gap channel.
Eurozone HICP: Harmonised inflation drives ECB rate expectations. Hot prints support EUR by raising rate-hold expectations; soft prints weaken it.
German and French data: The two largest eurozone economies disproportionately drive the euro. German ZEW, Ifo, and industrial production prints, plus French PMIs and consumption data, all matter for CAD/EUR.
Eurozone sovereign spreads: Widening Bund-BTP, Bund-OAT, or Bund-Bono spreads signal eurozone fragmentation risk and tend to weaken EUR — pushing CAD/EUR higher (CAD strong relative to EUR weakness).
EU political risk: Elections in major member states, fiscal-rule disputes, and anything that threatens eurozone cohesion adds a risk premium to the euro. EU-specific stress tends to push CAD/EUR higher through EUR weakness.
Canada and the EU are connected by CETA — the Comprehensive Economic and Trade Agreement, in force since September 2017. Bilateral trade exceeds €80 billion annually, with strong flows in automotive parts, machinery, pharmaceuticals, agricultural products, minerals, and services. Canadian institutional investors (CPP, OMERS, Caisse de dépôt) hold substantial European assets — eurozone government bonds, blue-chip equities, and commercial real estate. The corridor's depth is helped by Canada's relatively diverse trade orientation: while the US dominates Canadian trade, the EU is Canada's second-largest trade partner.
CAD→EUR settles via SWIFT through our European correspondent network. Toronto is 5-6 hours behind central Europe, and the Canadian banking day overlaps with the European afternoon, making same-day delivery routine for most pairings.
Three things most commonly cause CAD→EUR transfers to miss same-day settlement:
Late CAD arrival. Our cutoff is 14:00 UK time for same-day EUR settlement. CAD wires sent from Canada in the morning typically arrive in the UK well before our cutoff. Late afternoon Canadian bookings often miss it.
Intermediary bank holds. SWIFT wires from Canada to the UK occasionally route through a US correspondent bank, adding processing time. Standard delays are minor; longer holds are rare but can occur for larger amounts requiring AML review.
Eurozone or Canadian holidays. If TARGET2 is closed for an EU-wide holiday, EUR settlement is delayed. If Canadian banks are closed (Canada Day, Thanksgiving in October, Family Day, etc.), CAD wires won't be initiated. The two calendars overlap on some holidays (Christmas, New Year) but differ on others — plan around both.
For tight EUR deadlines — eurozone property completions, supplier invoices, tax obligations — book the day before and let the conversion settle overnight. Forward contracts are commonly used for Canadian businesses with ongoing EU obligations and for institutional pension fund flows.
CAD/EUR is the corridor for Canadian residents and businesses with meaningful euro obligations, plus EU-bound flows from Canadian expats, investors, and corporates. Common use cases:
Canadian buyers — both individuals and institutional — purchasing European property in France, Italy, Spain, Portugal, and other markets. The Canadian-French linguistic connection makes France particularly common for Quebec residents. European closing timelines vary; forward contracts protect deal economics from currency moves during the typical 2-4 month window.
Canadian pension funds (CPP, OMERS, Caisse de dépôt) and asset managers allocating to eurozone government bonds, blue-chip equities, and commercial real estate. While dominated by institutional desks, individual high-net-worth Canadians also use this corridor for European asset diversification.
Canadian companies sourcing European goods and services under CETA — particularly in pharmaceuticals, automotive parts, luxury goods, and machinery. CETA has driven steady growth in this corridor since 2017. Tight spreads on regular high-volume payments protect margin.
The Quebec-France corridor is one of the most distinctive EUR-CAD flows globally. French citizens with Quebec residency, Quebecers with French ties, students at universities in both jurisdictions, and cultural-organisation funding all generate steady CAD-to-EUR flow. France's Programme Québec/France for young workers is a notable structured corridor.
Canadian families with children at European universities or boarding schools — particularly the UK, France, Germany, Switzerland, and the Netherlands. Predictable termly fee schedules suit forwards or rate alerts.
Canadians returning to European country of origin (or vice versa) transferring savings, property sale proceeds, or pension lump sums. Large one-off transfers where broker spreads vs bank spreads can save thousands.
You can convert Canadian dollars to euros through your bank, through a transfer app, or through a broker. CAD/EUR is a moderately liquid pair with deep institutional flow under CETA, but bank markups remain wide for retail customers — making broker access valuable for any meaningful trade.
Everything clients typically ask about sending Canadian dollars to euros. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. CAD/EUR is one of the more stable major crosses because the BoC tracks Fed policy and the ECB has a similar inflation mandate. Oil prices and divergent ECB-BoC commentary are the main sources of meaningful moves. Rate alerts let you set a target and wait passively.
Canadian and European banks typically mark up CAD/EUR by 2–4% for retail customers. SummitFX spreads are 0.4–0.7% depending on size. On a C$500,000 European property purchase that's a saving of C$10,000–C$17,500 in your favour.
If your CAD arrives with us by 14:00 UK time on a UK business day, we settle the EUR the same day. SEPA delivery is typically a few hours; SEPA Instant credits within seconds. Send your CAD wire in the Canadian morning to give the best chance of same-day European settlement.
Yes. European conveyancing typically runs 2-4 months during which CAD/EUR can move several percent. A forward contract fixes today's rate for delivery on completion day. You pay a deposit (5–10% of the trade) upfront and settle the balance at completion. Common for Quebec residents buying French property given the linguistic and cultural ties.
No hard minimum — we handle trades from C$500 to C$5m+. Below around C$5,000 the spread widens slightly to cover fixed execution costs. For recurring smaller payments to European family or suppliers, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.5–0.7%, SummitFX 0.4–0.7% — with our clients also getting a named dealer and WhatsApp access.
The EU-Canada Comprehensive Economic and Trade Agreement, in force since September 2017, eliminated tariffs on around 98% of products traded between the EU and Canada. It has driven steady growth in bilateral trade and made CAD-EUR commercial flow significantly cheaper for businesses on both sides. Most Canada-EU B2B trade now flows under CETA preferential terms.
Your rate is locked the moment you reply CONFIRM on a quote. Even if oil prices swing or an ECB surprise moves CAD/EUR before your CAD wire reaches us, the rate you receive stays exactly as booked. Locking is particularly valuable for property purchases or institutional position rebalancing where rate certainty matters more than chasing the absolute best rate.
Message us on WhatsApp and we'll have a live executable rate back in seconds.