Whether you're buying a snowbird property in Toronto or Vancouver, supporting Canadian family, paying tuition at the University of Toronto or McGill, or settling business invoices with Canadian partners — SummitFX gets your US dollars to Canadian dollars at a real rate, with same-day delivery typical when funds reach us before our cutoff.
How the US dollar has moved against the Canadian 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 USD amount to see what you'd receive in Canada in Canadian dollars, or enter the Canadian dollars amount you need and we'll show how many US 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 US or Canadian high street bank. We'll always show the full breakdown before you book.
US-to-Canada is a meaningful corridor — driven by Canadian property purchases, family ties, business invoicing, and migration. Common reasons our clients send money this way:
American buyers acquiring property in Toronto, Vancouver, Montreal, Calgary, and Ottawa — typically for snowbird, retirement, dual-citizenship, or business reasons. Note Canada has periodically applied restrictions on foreign residential-property purchases (the Prohibition on the Purchase of Residential Property by Non-Canadians Act); BC and Ontario also apply foreign-buyer taxes. Canadian conveyancing typically runs 4-10 weeks.
American retirees relocating to Canada, or maintaining Canadian property as a second home, receiving Social Security, US pension distributions, or US property rental income — converted to CAD for ongoing living costs.
Cross-border family flows between the US and Canada — dual-citizenship families, support for relatives, family-property arrangements. The US-Canada family corridor is among the most active in the world given centuries of migration in both directions.
American students at the University of Toronto, McGill, UBC, Western, Queen's, and other Canadian universities (Canadian tuition for international students typically CAD 30,000-60,000+) — and Canadian students at top US universities.
US businesses paying Canadian suppliers across automotive parts (Detroit-Windsor, Detroit-Toronto axis), oil and gas services, mining, technology, financial services, and food production. The deeply integrated US-Canada supply chain under USMCA makes this one of the highest-volume corridors. Treasury teams use forwards to hedge predictable USD-CAD exposure.
Americans relocating to Canada under various visa routes (skilled-worker, family-sponsorship, Express Entry) moving USD savings, retirement accounts (with Canadian tax-residency planning), and proceeds from US property sales to fund the relocation.
Canadian snowbirds spending winter months in Florida, Arizona, and California sending CAD home — and Americans with Canadian summer homes paying property charges, maintenance, or repatriating rental income.
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Read our reviews on Feefo →USD/CAD is one of the world's most-traded currency pairs given the deep US-Canada economic integration under USMCA. It moves on Federal Reserve versus Bank of Canada policy divergence, oil prices, and broader trade and political developments. Both currencies move on their own central-bank policy, economic data, and global risk sentiment.
Federal Reserve policy: The FOMC sets the federal funds rate. FOMC decisions, the dot plot, the quarterly Summary of Economic Projections, and Chair Jerome Powell's commentary are the most important scheduled USD events.
US CPI & PCE inflation: The Fed targets 2% inflation as measured by Core PCE, but US CPI prints are also closely watched as a more timely indicator. CPI surprises move USD sharply.
US economic data: Non-farm payrolls (the most-watched data release in global markets), US GDP, retail sales, ISM PMIs, and FOMC member speeches all feed Fed expectations and move USD globally.
Risk sentiment & the dollar smile: USD has the unusual property of strengthening both when the US economy outperforms (rate-driven) and during global risk-off (safe-haven flows). USD therefore moves on US data, US politics, and broader global risk sentiment.
Bank of Canada policy: The BoC sets monetary policy for the Canadian economy. Decisions, statements from Governor Tiff Macklem, and changes in policy direction are the biggest scheduled CAD events.
Canadian CPI inflation: Canadian CPI is the BoC's primary inflation reference, with a 2% target within a 1-3% control range.
Oil prices & Canadian data: Canada is a major commodity exporter — WTI crude moves often translate into CAD strength or weakness. Given USMCA integration, US data also moves CAD substantially.
BoC vs Fed divergence & commodity prices: USD/CAD is one of the most-traded currency pairs in the world given the integrated US-Canada economy. BoC vs Fed policy stance plus oil prices are the dominant drivers.
The US-Canada corridor is by some measures the largest bilateral economic relationship in the world — over $700 billion in two-way trade annually under the USMCA framework. The two economies are deeply integrated across automotive (Detroit-Windsor parts trade, US plants in Ontario), oil and gas (Alberta crude to US refiners), agriculture, financial services, and technology. Beyond business, the US-Canada corridor is a major snowbird, family, and education flow — millions of dual-citizenship and cross-border families, US universities heavily attended by Canadians and vice versa, and substantial American property ownership in Toronto, Vancouver, Montreal, and Calgary. Canadian retirees in Florida and Arizona, American retirees in Canadian Maritime provinces — the population flows are real and meaningful.
USD funds reach us via Fedwire (same-day for larger amounts) or ACH (1-2 business days, lower-cost for retail amounts). Once converted, CAD settles into your Canadian recipient account via SWIFT message to your beneficiary bank, with onward Canadian-domestic settlement via Lynx or EFT. RBC (Royal Bank of Canada), TD Bank, Scotiabank, BMO (Bank of Montreal), CIBC and National Bank of Canada all support inbound CAD payments in full.
The most common reasons US-to-Canada transfers slip past same-day:
ACH instead of Fedwire. ACH is cheaper but takes 1-2 business days to settle. If timing matters, send via Fedwire — same-day reach to us, then same-day CAD settlement onward.
Time-zone gap. Our cutoff is 14:00 UK time, which is 9:00 AM ET (or 6:00 AM PT). For West Coast clients, that's an early morning send. Plan accordingly or book the prior business day.
OFAC and AML review. The US has the strictest sanctions-screening regime in the world. First-time large transfers, transfers to new beneficiary relationships, or transfers where the destination country has any OFAC sensitivity can be held briefly for review. Standard delays are 30 minutes to two hours.
Canadian bank holidays. Canadian bank holidays differ from US Federal Reserve holidays. Trades booked when Canadian banks are closed will settle on the next Canadian business day.
You can convert US dollars to Canadian dollars through your bank, through a transfer app, or through a broker. US-Canada is a corridor where the difference between options is meaningful — US banks tend to mark up USD/CAD aggressively for retail customers.
Everything clients typically ask about sending US dollars to Canada. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
USD/CAD is one of the world's most-traded currency pairs given the deep US-Canada economic integration under USMCA. It moves on Federal Reserve versus Bank of Canada policy divergence, oil prices, and broader trade and political developments. The Federal Reserve's policy stance, BoC policy, and broader economic and political developments all feed into the rate.
We never forecast — but the chart above puts today's rate in context. Rate alerts let you set a target level and wait passively rather than guessing on macro. For larger transfers (property, business invoices, relocation budgets), forward contracts protect against adverse moves.
US banks typically mark up USD/CAD by 2-4% for retail customers — sometimes more for non-major-currency transfers. SummitFX spreads are 0.5-0.9% depending on size — meaningful savings, particularly on larger property, business, or relocation transfers. We're FCA-regulated in the UK and serve US clients via international wire.
If your USD arrives with us by 14:00 UK time on a UK business day, we settle the CAD the same day via SWIFT to a Canadian bank. CAD typically lands in your beneficiary's Canadian account within hours of leaving us. Most US clients send funds via Fedwire which arrives same-day; ACH typically takes 1-2 business days, so plan timing accordingly.
Yes. If you know an upcoming Canadian property completion date, scheduled business invoice, tuition payment, or relocation budget, 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 $1,000 to $20m+. For recurring smaller payments (monthly family support, mortgage payments, scheduled obligations), market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or in our chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody actually transacts at this rate; providers add a margin. Banks typically 2-4%, transfer apps 0.7-1.0%, SummitFX 0.5-0.9% — with our clients also getting a named dealer and WhatsApp access.
Yes — US-to-Canada property purchases are common, particularly in Toronto, Vancouver, and Montreal. Note Canada has applied restrictions on non-Canadian residential-property purchases and provincial foreign-buyer taxes (BC's Foreign Buyers Tax and Ontario's Non-Resident Speculation Tax). Your Canadian lawyer will guide you through current rules. We coordinate timing accordingly; forward contracts protect deal economics during the 4-10 week conveyancing window.
Message us on WhatsApp and we'll have a live USD/CAD rate back in seconds.