CAD to USD Exchange Rate

About CAD/USD

The CAD/USD currency pair represents the exchange rate between the Canadian Dollar and the US Dollar, commonly known as "the Loonie" after the bird depicted on the Canadian one-dollar coin. This pair is heavily influenced by commodity prices (especially crude oil, as Canada is a major oil exporter), interest rate differentials between the Federal Reserve and Bank of Canada, US-Canada trade relations, and broader North American economic trends. The Canadian Dollar often moves in tandem with oil prices.