Quick Conversion Table — CAD to USD
| Canadian Dollar (CAD) | US Dollar (USD) |
|---|---|
| Loading rates… | |
How Is the CAD/USD Rate Calculated?
The mid-market rate shown above is the midpoint between the buy and sell prices on global currency markets. We pull data from the Bank of Canada and refresh it daily.
This is the "true" exchange rate — the one you see on Google or Reuters. Banks and payment apps add their own markup on top of this rate, which is how they make money on currency conversions.
💡 Tip: The mid-market rate is the fairest benchmark. When comparing services, always ask what their rate is relative to the mid-market rate — not just the fees they advertise.
💸 Convert CAD to USD without the bank markup
Wise uses the real exchange rate and charges ~0.6% — vs 2.5–4% at Canadian banks. Free to sign up, no monthly fees.
CAD to USD — Frequently Asked Questions
The live mid-market rate is shown at the top of this page and updated daily. The rate fluctuates based on economic data, Bank of Canada decisions, oil prices, and global market sentiment.
Volatility is typically lowest between 10 a.m. and noon ET on weekdays, after North American markets open and price discovery stabilizes. Avoid converting during major economic announcements (e.g. Bank of Canada rate decisions, US CPI releases).
Canadian banks (RBC, TD, BMO, Scotia) typically add 2%–4% on top of the mid-market rate, plus a flat wire fee up to CA$30. On a US$10,000 transfer, that's CA$200–400 in hidden spread alone. Fintech services like Wise typically charge 0.5%–1.0% total.
Yes, completely free. No account required, no ads injected into the conversion tool. The site is supported by occasional sponsored content and affiliate links, which are always clearly disclosed.
We use the Bank of Canada API, which sources exchange rates from the Bank of Canada. The Bank of Canada publishes rates on every business day.
No. Interac e-Transfer only supports Canadian dollars (CAD). You cannot send or receive US dollars through Interac. To transfer USD between Canadian accounts, you need a USD bank account at a major bank (RBC, TD, Scotiabank) or use a service like Wise, which provides real USD account numbers for Canadian residents.
The best options are: (1) A USD savings account at EQ Bank — no monthly fee, earns interest; (2) A USD chequing account at RBC or Scotiabank for cross-border transactions; or (3) A Wise multi-currency account if you also need to convert frequently at the best rates.