Sending Canadian dollars from Canada to the United States? Whether you're supporting US family, paying tuition at a US university, settling a US business invoice, or completing a property purchase — SummitFX gets your CAD into a US account at a real rate, with same-day Fedwire delivery typical when funds reach us before our cutoff.
How the Canadian dollar has moved against the US dollar over recent weeks, months, and years. Use the tabs to switch between time horizons. The live dot shows where the market is right now.
Type in either box — enter a CAD amount to see what you'd receive in the United States in dollars, or enter the USD amount you need and we'll show how many Canadian dollars it costs. 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 0.5–0.9% at SummitFX vs 2–4% at a Canadian or US high street bank. We'll always show the full breakdown before you book.
Canada-to-US is a meaningful corridor — driven by family ties, business invoicing, education, property purchases, and emigration flows. Common reasons our clients send money this way:
Canadians and Americans resident in Canada sending CAD to US family — for ongoing support, US property obligations, or one-off transfers. Standing arrangements smooth out monthly currency exposure across the world's most integrated bilateral corridor.
Canadian students at US universities (Harvard, MIT, Stanford, Yale, Princeton, Columbia, Wharton, NYU, Chicago, Cornell) receiving family support payments. Many Canadian students cross south for graduate degrees; predictable termly schedules suit forward contracts.
Canadian businesses paying US suppliers across technology (cloud services, SaaS, software licensing), professional services, manufacturing inputs (under USMCA), and finance. Treasury teams use forwards to hedge predictable CAD-USD exposure on contracted invoicing.
Canadian snowbirds with US winter homes (Florida, Arizona, California particularly) paying property tax, HOA fees, utilities, and maintenance — or repatriating US rental income to Canada. Recurring smaller payments suit our market-order infrastructure.
Canadian-Americans, US citizens born to Canadian parents, or dual nationals managing financial life on both sides — moving CAD to US accounts to fund US-side obligations, support family, or pay scheduled US bills. The US-Canada family corridor is one of the largest bilateral expat populations.
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Read our reviews on Feefo →Your CAD reaches us via Canadian EFT for CAD-resident clients, or SWIFT. Once converted, USD settles into your US recipient account via Fedwire (the Federal Reserve's wholesale system, same-day for amounts received before cutoff) or ACH (the retail network, typically T+1). Major US banks (JPMorgan Chase, Bank of America, Citibank, Wells Fargo, US Bank, HSBC USA) all support inbound USD via both rails.
The most common reasons a Canada-to-US transfer slips past same-day:
US OFAC and AML review on inbound USD. US banks apply strict OFAC sanctions screening on all inbound USD transfers, particularly for first-time large amounts or new beneficiary relationships. Standard reviews complete in 30 minutes to two hours; occasionally additional documentation is required.
Late CAD arrival in UK time. Our cutoff is 14:00 UK time. Funds sent late afternoon or that bounce through correspondent banks can miss the window.
Canadian or US bank holidays. Canadian bank holidays differ from US ones (US has additional federal holidays like Independence Day, Thanksgiving, Memorial Day). Trades booked when either side is closed will settle on the next mutual business day.
You can convert Canadian dollars to US dollars through your bank, through a transfer app, or through a broker. Canada-to-US is a corridor where the difference between options is meaningful — both Canadian and US banks tend to mark up CAD/USD aggressively for retail transfers.
Common questions about sending Canadian dollars to the United States. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
CAD/USD trades on BoC versus Federal Reserve policy. Both currencies move on their own central bank's monetary policy stance, economic data, and broader risk sentiment — with USD often acting as the global reserve currency, attracting safe-haven flows during periods of risk-off.
If your CAD arrives with us by 14:00 UK time on a UK business day, we settle the USD onward via Fedwire same-day for larger amounts, or ACH for retail (typically T+1). Note US inbound USD typically reaches a US beneficiary's bank within hours via Fedwire.
Canadian and US banks typically mark up CAD/USD by 2-4% for retail customers. SummitFX spreads are 0.5-0.9% depending on size — meaningful savings, particularly on larger property, business, or family-support transfers.
Yes. If you know an upcoming US property completion, scheduled tuition payment, or future business invoice, a forward contract fixes today's rate for delivery on a future date. You pay a deposit (typically 5-10% of the trade) upfront and settle the balance at delivery.
No hard minimum — we handle trades from CAD 1,000 to CAD 5m+ on this corridor. For recurring smaller payments (monthly support, mortgage payments), market orders or standing arrangements work better than ad-hoc bookings.
US banks apply AML and OFAC sanctions screening on all inbound USD, particularly for first-time large transfers or new beneficiary relationships. Standard reviews complete in 30 minutes to two hours; occasionally larger or unusual transfers require additional documentation. We work with you on documentation up front to avoid delays.
USMCA (the United States-Mexico-Canada Agreement, the successor to NAFTA) governs trade in goods and services and harmonises many of the cross-border business flows. The agreement does not directly affect FX mechanics; CAD-to-USD conversions proceed normally.
Message us on WhatsApp and we'll have a live CAD/USD rate back in seconds.