USD to CAD Converter

About the USD/CAD Pair

The Canadian dollar (nicknamed the "loonie" after the bird on the $1 coin) tends to track global oil prices more closely than most other major currencies, since Canada is a major crude oil exporter — the loonie often strengthens when oil prices rise and weakens when they fall, independent of what's happening with the US economy. This pair also sees heavy day-to-day use for cross-border online shopping, since many Canadian retailers and shoppers price and pay in USD.

Frequently Asked Questions

How many Canadian dollars is $100 USD?

Enter 100 into the amount field above with USD selected as "From" and CAD as "To" — the result updates instantly using the live mid-market rate.

Why does the Canadian dollar track oil prices?

Canada is one of the world's largest oil exporters, so global crude prices directly affect Canadian export revenue and investor demand for the currency — a rise in oil prices frequently coincides with a stronger Canadian dollar, even when nothing else about the US-Canada relationship has changed.

Is it better to pay in USD or CAD when shopping online in Canada?

It depends on your card's foreign transaction fee and the retailer's own conversion markup — check whether your card charges a foreign transaction fee; if not, paying in the local currency (CAD) at the point of sale usually avoids an extra conversion markup.

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