Canadian Dollar Exchange Rates

The Canadian dollar (CAD) fluctuates against the US dollar (USD) based on commodity prices (oil), interest rate differentials, and economic growth. Historical range: $0.73-0.95 USD per CAD. A strong Canadian dollar (0.95+) makes imports cheaper but hurts exporters.

Impact on Canadians

• Travel: Weak CAD makes US travel more expensive (0.75 CAD/USD means $100 USD costs $133 CAD)
• Investments: US stock holdings gain/lose value from currency movements (can be 5-10% annually)
• Imports: Weak CAD increases prices of US goods by 10-20%
• Exports: Weak CAD makes Canadian products cheaper internationally, benefiting exporters

Exchange Rate Considerations

Banks typically offer worse rates than major exchanges. Always check the Bank of Canada daily rate before paying bank or airport rates — you may lose 2-5% in conversion fees.