The live Canadian-dollar-to-dollar rate, updated every minute. Book CAD→USD with SummitFX on WhatsApp — we accept incoming CAD via SWIFT and settle USD via SWIFT to your US recipient bank.
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 USD, or enter a target USD 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 0.3–0.6% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
CAD/USD is the mirror of USD/CAD — read from the Canadian side. The pair moves on Bank of Canada policy, Federal Reserve policy, oil prices, and US economic data (since Canadian growth depends heavily on US demand). The pair tends to be one of the more stable major crosses because the BoC closely tracks Fed policy and the two economies are deeply integrated. Oil price moves and divergent Fed-BoC commentary are the main sources of meaningful CAD/USD 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 USD; in stress episodes it weakens against the safe-haven dollar. The CAD-oil correlation tends to amplify both directions.
Federal Reserve policy: The Fed sets US interest rates and is the most influential central bank globally. The Fed-BoC policy gap is typically narrow because the BoC tracks Fed direction. Decisions, the dot plot, and Jerome Powell's press conferences are the biggest scheduled USD events.
US CPI and PCE: US inflation data drives Fed expectations. Monthly CPI is one of the most-watched FX events globally. PCE matters more for the actual policy path; CPI matters more for immediate market reactions.
Non-farm payrolls: The first-Friday US jobs report is one of the biggest scheduled FX events globally. Strong payrolls support USD; weakness pushes CAD/USD higher.
US Treasury yields: The 10-year Treasury is a real-time gauge of dollar demand. Rising US yields typically pull capital into US assets and weigh on CAD/USD.
Safe-haven flows: When global risk appetite drops, capital flees to USD as the world's reserve currency. These episodes push CAD/USD lower as risk-off USD strength dominates over Canadian fundamentals.
Canada and the US share the world's most economically integrated bilateral relationship. Bilateral trade exceeds $900 billion annually under the USMCA framework. The trans-border supply chain — particularly in autos (the Ontario-Michigan corridor), energy, agriculture, lumber, and mining — generates constant, predictable CAD-USD flow. Canadian pension funds (CPP, OMERS, Caisse) are major holders of US assets; US corporations have substantial Canadian subsidiaries; and cross-border M&A is routine. The corridor's institutional density makes CAD/USD one of the world's deepest and tightest-spread pairs.
CAD→USD settles via SWIFT through our US correspondent network. The Canadian banking day is fully aligned with the US banking day, and Toronto is 5 hours behind UK time, so European-routed wires reach the US easily during the US business day.
Three things most commonly cause CAD→USD transfers to miss same-day settlement:
Late CAD arrival. Our cutoff is 15:00 UK time for same-day USD settlement. CAD wires sent from Canada in the morning typically arrive in the UK 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.
US or Canadian holidays. If Fedwire is closed (US federal holidays), USD processing stalls. 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 USD deadlines — US property completions, IRS payments, supplier invoices — book the day before and let the conversion settle overnight. Forward contracts are commonly used for Canadian businesses with ongoing US obligations and for Canadian residents managing US-denominated investments.
CAD/USD is the corridor for Canadian residents and businesses with meaningful USD obligations. North American economic integration generates enormous flow in this corridor. Common use cases:
Canadian companies sourcing US goods, software, and services. The integrated USMCA supply chain generates huge recurring USD flow. Tight spreads on regular high-volume payments protect margin in industries where Canadian businesses depend heavily on US inputs.
Canadians spending winters in Florida, Arizona, California, and other Sun Belt states ('snowbirds') need ongoing USD for property taxes, HOA fees, utilities, and living costs. Standing arrangements with SummitFX smooth out the rate exposure across multiple seasonal transfers.
Canadian-headquartered companies with US operations or subsidiaries funding US payroll, supplier payments, or US intercompany transfers. Treasury teams use forward contracts to hedge predictable USD exposure across financial years.
Canadian pension funds (CPP, OMERS, Caisse de dépôt), asset managers, and insurance companies allocating to US Treasuries, equities, and credit. While dominated by institutional desks, individual high-net-worth Canadians also use this corridor for US asset allocation.
Canadian families with children at US universities or boarding schools. Predictable termly fee schedules suit forward contracts. Living expenses and accommodation costs add to the corridor flow.
Dual nationals or US green card holders resident in Canada filing US tax returns and paying IRS obligations in USD. Rate alerts let you pay tax bills at a favourable rate rather than at the deadline.
You can convert Canadian dollars to dollars through your bank, through a transfer app, or through a broker. CAD/USD is one of the world's most-traded pairs with deep liquidity, but bank markups remain wide for retail customers — making broker access particularly valuable for snowbirds, importers, and anyone with regular US obligations.
Everything clients typically ask about sending Canadian dollars to dollars. 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/USD is one of the more stable major pairs because of the BoC tracking Fed policy. Oil price moves and divergent Fed-BoC commentary are the main sources of meaningful volatility. Rate alerts let you set a target and wait passively.
Canadian and US banks typically mark up CAD/USD by 2–4% for retail customers. SummitFX spreads are 0.3–0.6% depending on size. On a C$500,000 transfer that's a saving of C$7,500–C$17,500 in your favour — material on top of property closing costs or business margins.
If your CAD arrives with us by 15:00 UK time on a UK business day, we settle the USD the same day. SWIFT delivery to US recipient banks typically takes a few hours. Send your CAD wire in the Canadian morning to give the best chance of same-day US settlement.
Yes. US conveyancing timelines vary widely; forward contracts fix 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 Canadian snowbirds buying US winter homes or Canadian businesses funding US expansion.
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 snowbird payments, US supplier flow, or family support, 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 0.4–0.6%, SummitFX 0.3–0.6% — with our clients also getting a named dealer and WhatsApp access.
Because the US and Canada have one of the world's most integrated economies. The Bank of Canada tends to track Fed policy closely, keeping the rate gap narrow, and 75% of Canadian exports go to the US so the two economies grow together. This makes CAD/USD one of the lower-volatility major pairs, though oil price moves and divergent monetary policy can still drive meaningful cycles.
Your rate is locked the moment you reply CONFIRM on a quote. Even if oil prices swing or a Fed surprise moves CAD/USD before your CAD wire reaches us, the rate you receive stays exactly as booked. Locking is particularly valuable for snowbird seasonal transfers where you want predictable USD costs across a winter.
Message us on WhatsApp and we'll have a live executable rate back in seconds.