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Here’s what most analysts are expecting for the coming weeks:
The USD/CAD exchange rate is likely to stay under pressure and could drift toward 1.3500 or even 1.3400.
Short-term rebounds in the US dollar are possible, especially if incoming U.S. economic data beats expectations.
Right now, you will receive fewer Canadian dollars for each US dollar. If your transfer is not urgent, you should wait a little, especially if you're planning to make a large transfer abroad.
It's a good time to send CAD to USD if you have a need for it.
Key factors driving the market
Several major economic drivers are influencing the USD/CAD exchange rate this month:
Central bank policies
Monetary policy decisions on both sides of the border are creating diverging trends.
The U.S. Federal Reserve is expected to cut interest rates later in 2025 due to slow economic growth and low inflation.
Lower interest rates reduce returns for investors holding US dollars, making the currency less attractive and contributing to a weaker USD.
Also, the Bank of Canada is nearing the end of its rate-cutting cycle. This relative stability is helping to support the strength of the Canadian dollar.
Weak U.S. economic data
Recent economic data from the U.S. has been underwhelming.
Reports have shown job losses and slowing activity in the services sector. This has increased expectations of interest rate cuts, which adds further downward pressure on the dollar.
In contrast, the Canadian economy has performed relatively better, which strengthens the case for a stronger CAD.
Oil prices
Oil prices are a key factor for the Canadian economy.
As a major oil exporter, Canada tends to benefit from stable or rising crude oil prices.
Continued strength in oil markets helps support the Canadian dollar.
Technical picture: What the charts are telling us
For those watching price trends and patterns, here's what the technical analysis suggests:
USD/CAD is currently trading near 1.36, the lowest level in eight months. This means 1 US dollar equals roughly 1.36 Canadian dollars (right now, 1 USD will get you 1.36535 CAD).
The next key support level is 1.3500. If the rate drops below this level, it could signal further weakness, potentially moving toward 1.3400 or lower.
Resistance is in the 1.3650 to 1.3750 range. A break above this range could suggest the beginning of a rebound.
The overall trend remains downward unless strong economic data or policy changes support a US dollar recovery.
Is it a good time to convert USD to CAD?
Whether you're sending money from the U.S. to Canada or vice versa, the current trends can affect your transfer value.
Sending money from the U.S. to Canada
You'll currently receive fewer Canadian dollars for each US dollar.
If the USD weakens further, the value you get may decline even more.
Consider transferring funds sooner or splitting the amount over several smaller transfers to minimize risk.
If you send USD to Canada now, this is how much you will get:
| USD | CAD Price |
|---|---|
| 1 USD | 1.37 |
| 5 USD | 6.83 |
| 10 USD | 13.65 |
| 50 USD | 68.27 |
| 100 USD | 136.53 |
| 1000 USD | 1365.35 |
| 10000 USD | 13653.50 |
| 50000 USD | 68267.50 |
| 100000 USD | 136535.00 |
| 200000 USD | 273070.00 |
| 500000 USD | 682675.00 |
| 1000000 USD | 1365350.00 |
| CAD | USD Price |
|---|---|
| 1 CAD | 0.73 |
| 5 CAD | 3.66 |
| 10 CAD | 7.32 |
| 50 CAD | 36.62 |
| 100 CAD | 73.24 |
| 1000 CAD | 732.39 |
| 10000 CAD | 7323.94 |
| 50000 CAD | 36619.70 |
| 100000 CAD | 73239.40 |
| 200000 CAD | 146478.80 |
| 500000 CAD | 366197.00 |
| 1000000 CAD | 732394.00 |
Sending money from Canada to the U.S.
The stronger Canadian dollar means your money goes further in the U.S.
The Canadian dollar could strengthen a bit more if current trends persist.
Now may be a favorable time to convert CAD to USD if you have upcoming transfer needs.
Risks to watch
Several external risks could affect the exchange rate outlook and shift the trend unexpectedly:
U.S. economic reports: A stronger-than-expected job market or inflation data could delay rate cuts and strengthen the US dollar.
Oil prices: A sharp drop in oil prices could weaken the Canadian dollar.
Federal Reserve policy: If the Fed surprises markets by slowing or pausing its rate-cut path, the USD may rebound temporarily.
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 July:
Money transfer company | USD/CAD exchange rate | USD/CAD fee | USD/CAD transfer time | CAD received |
|---|---|---|---|---|
Wise (Best USD/CAD rate) | 1.3604 USD/CAD | 26.9 | next day | 9,486.55 |
Key Currency (Lowest Fee) | 1.3569 USD/CAD | 0 | minutes - 3 days | 9,498.54 |
Key Currency (Overall cheapest) | 1.3569 USD/CAD | 0 | minutes - 3 days | 9,498.54 |
Currencyflow (Fastest Option) | 1.3568 USD/CAD | 0 | minutes - 24 hours | 9,497.59 |
*Based on our data of $7,000 transfer from the USA to Canada in July 2025. For other amounts, please run a live search to get the best exchange rate.
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 |
|---|---|
| Jul 15, 2025 | 1.371735 CAD |
| Jul 16, 2025 | 1.368995 CAD |
| Jul 17, 2025 | 1.373705 CAD |
| Jul 18, 2025 | 1.373350 CAD |
| Jul 19, 2025 | 1.373250 CAD |
| Jul 20, 2025 | 1.372475 CAD |
| Jul 21, 2025 | 1.367655 CAD |
| Jul 22, 2025 | 1.360495 CAD |
| Jul 23, 2025 | 1.360255 CAD |
| Jul 24, 2025 | 1.365385 CAD |
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