.svg)
What is likely to happen to USD/CAD in July 2025
USD/CAD is near a 6-month high around 1.40.
USD strength is driven by interest rate differences, global uncertainty, and weaker oil prices.
Charts show signs of a pause but still support upward trends if 1.3975–1.4010 holds.
Key levels to watch: support at 1.3930, resistance up to 1.4180.
For now, it’s a favorable time to send USD to CAD.
Watch for jobs data, oil, and Bank of Canada updates in the coming weeks.
If you're planning to convert USD to CAD within the next month, it may be smart to act soon or watch closely, as rates are strong but could become more volatile.
USD to CAD: Where It Stands
Right now, the US Dollar (USD) is strong compared to the Canadian Dollar (CAD), with the current rate hovering around 1.40.
This means 1 US dollar buys about 1.40 Canadian dollars.
That’s close to the highest level we’ve seen in the last six months, showing strong demand for the USD and weakness in the CAD.
What’s Driving USD to CAD?
A few big things are influencing this exchange rate:
1. Interest Rate Differences
The US Federal Reserve and the Bank of Canada are expected to handle interest rates differently. While both may cut rates, the Fed is expected to reduce them more later in the year. Right now, the gap makes the USD more attractive to investors.
2. Oil Prices and Canada’s Economy
Canada’s economy depends a lot on selling oil. Recently, falling oil prices have weakened the Canadian dollar. When oil prices drop, the CAD usually drops too.
3. Jobs and Inflation
A surprisingly strong Canadian jobs report recently helped boost the CAD briefly. But unless more strong data comes in, the USD still looks stronger overall.
4. Global Uncertainty
Unsettled political situations in other parts of the world have led investors to prefer “safe” currencies like the USD. As long as people are nervous about global events, the USD stays in demand.
What Do the Charts Say?
Technical patterns (the way prices appear on charts) suggest mixed signals:
Support (areas where prices could bounce higher): Around 1.3960 and 1.3930.
Resistance (areas where prices could hit a ceiling): 1.4150 to 1.4180.
The USD/CAD shows signs of losing steam, especially if it can’t stay above 1.40.
Some indicators also show it may be “overbought,” meaning it might pull back slightly. But bigger trends still lean toward USD strength unless things change.
What to Watch in Next Month
Several things could move the exchange rate in the next 30 days:
Canada’s inflation report (CPI) scheduled for October 21: If it’s high, it might reduce the chance of a rate cut in Canada and boost the CAD.
US and Canadian jobs data: Big employment shifts can move currency values.
Oil prices: Any large swings will impact the loonie.
Central Bank meetings: Markets may react if the Bank of Canada or Federal Reserve says something unexpected about interest rates.
Risks Ahead
If Canada’s economy weakens more or oil prices fall sharply, the CAD could drop more.
A surprise move from the Fed to cut rates earlier than expected could weaken the USD.
Political risks globally could increase safe-haven demand and support the USD.
Sudden trade issues or tariffs could hurt the CAD.
What This Means If You’re Sending USD to CAD Abroad
If you’re moving money from the US to Canada (sending USD to CAD), this is a good time.
Your dollar goes further right now, close to its best level in half a year.
Let’s say you're transferring $1,000. At the current rate of roughly 1.40, you’d get about 1,400 CAD.
If the rate falls to 1.38, you’d only get 1,380 CAD. That’s a difference of 20 CAD, enough to matter if you’re sending large amounts.
If your transfer is flexible, you might monitor the rate or use tools like scheduled transfers so you can catch the better rates if 1.4150 or higher is reached.
Live USD to CAD exchange rates
Converting USD to CAD
If you are planning to send USD to Canada, you need to pick the right money transfer company to get the most CAD on the other end.
Depending on your needs, it's best to use one of the following companies in November:
History of the USD to CAD
USD to CAD, also known as the loonie, is a popular forex pair because of the strong business relationship between the two countries.
They both are parts of the United States, Mexico, and Canada Agreement (USMCA), which replaced NAFTA in 2020. As a result, the two countries do goods trade every year.
The exchange rate is mostly affected by three main factors. First, the actions of the Federal Reserve and BoC. Historically, because of the role of the USD as the global currency reserve, the Fed has more weight compared to the BoC.
Second, the pair is also often impacted by the prices of crude oil. The US is the biggest oil producer while Canada is the fourth. However, in terms of exports, Canada exports most of its oil to the US. Therefore, higher oil prices have often resulted in a stronger Canadian dollar.
| Date | 1 US Dollar in CAD |
|---|---|
| Oct 27, 2025 | 1.399303 CAD |
| Oct 28, 2025 | 1.394096 CAD |
| Oct 29, 2025 | 1.394305 CAD |
| Oct 30, 2025 | 1.398350 CAD |
| Oct 31, 2025 | 1.405250 CAD |
| Nov 01, 2025 | 1.405150 CAD |
| Nov 02, 2025 | 1.401585 CAD |
| Nov 03, 2025 | 1.405585 CAD |
| Nov 04, 2025 | 1.410180 CAD |
| Nov 05, 2025 | 1.411405 CAD |
Our handy, modern currency app lets you:
Instantly convert 25,000+ currency pairs
Compare live transfer deals
Get reviews & insights
Our app is free for mobiles and tablets, with no intrusive ads or in-app purchases.
