The USD/CAD exchange rate rose to 1.3700 on June 9, 2025, up 0.03% from the previous session. Over the past month, the Canadian Dollar has strengthened 1.96%, and is up by 0.44% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on June of 2025.

Key information about Canada Exchange Rate against USD

• Canada Exchange Rate against USD averaged 1.352 (USD/CAD) in May 2023, compared with 1.348 USD/CAD in the previous month.
• Canada Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 1.600 in Jan 2002 and a record low of 0.948 in Oct 1959.

• In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 4.590 % pa in May 2023.
• Its Long Term Interest Rate (Government Benchmark Bonds Yield: Month End: 10 Years) was reported at 3.180 % pa in May 2023.
• The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 4.500 % pa in May 2023.

Money Supply M0 in Canada increased to 229799 CAD Million in March from 223153 CAD Million in February of 2025. This dataset provides - Canada Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada CA: Exchange Rate: USD per National Currency: Single Hit Scenario data was reported at 0.710 CAD/USD in Dec 2021. This stayed constant from the previous number of 0.710 CAD/USD for Sep 2021. Canada CA: Exchange Rate: USD per National Currency: Single Hit Scenario data is updated quarterly, averaging 0.850 CAD/USD from Mar 1960 (Median) to Dec 2021, with 248 observations. The data reached an all-time high of 1.050 CAD/USD in Mar 1960 and a record low of 0.627 CAD/USD in Mar 2002. Canada CA: Exchange Rate: USD per National Currency: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. EXCH - Exchange rate, USD per national currency (1/EXCHUD)

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion at a CAGR of 10.6% between 2024 and 2029.

The market is experiencing significant growth, driven by the global trend of increasing urbanization and the 24x7 trading opportunities it affords. The digitalization of financial services has enabled seamless transactions across borders, making foreign exchange more accessible than ever before. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. However, this market is not without challenges. Regulatory hurdles impact adoption in some regions, with stringent regulations and compliance requirements adding complexity to market entry. Furthermore, the uncertainty of future exchange rates poses a significant risk for businesses engaging in foreign exchange transactions.
Navigating these challenges requires a deep understanding of market dynamics and a strategic approach to risk management. Companies seeking to capitalize on the opportunities in the market must stay informed of regulatory changes and adopt advanced risk management techniques to mitigate the impact of exchange rate volatility. By doing so, they can effectively capitalize on the growth potential of this dynamic market.

What will be the Size of the Foreign Exchange Market during the forecast period?

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The market, also known as FX, plays a crucial role in global business operations and finance. FX market liquidity is essential for effective portfolio management, mitigating interest rate risk, and facilitating cross-border transactions. FX analysis involves various tools and techniques, including technical analysis using moving averages, chart patterns, and stochastic oscillators, as well as fundamental analysis focusing on economic indicators and sentiment. Interest rate differentials drive currency appreciation and influence FX trading, with foreign exchange swaps enabling the exchange of principal and interest between two different currencies. Market orders facilitate instant execution, while trading platforms offer advanced features such as automated trading robots and AI-driven systems.
FX market impact is a critical consideration, with operational risk and compliance essential in managing currency exposure and hedging strategies. Currency risk and FX forward rates are vital components of FX risk management, while FX trading apps and discipline help maximize profit and minimize psychological biases. FX trading systems employ various tools like FX charts, indicators, and exchange-traded derivatives to analyze trends and forecast future movements. Cryptocurrency trading has also emerged as a significant component of FX markets, adding complexity and volatility to the market structure. FX trading Blockchain Technology offers potential benefits, such as increased transparency and reduced counterparty risk.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

In het market, dealers manage risky inventory positions during the maturity period, earning returns through liquidity provision. These returns reflect the risk premium associated with non-diversifiable risks. Dealers employ trading strategies using customer trade information to generate higher-than-expected returns. Competition among liquidity providers is expected to maintain stable pricing during the forecast period. Reporting dealers offer inter-day liquidity, buying and selling foreign exchange at posted bids while providing quotes throughout the trading day. Trading in the market involves various financial instruments and tools. Market orders are executed at the prevailing market price, while limit orders are executed at a specified price.

Forex brokers facilitate transactions between buyers and sellers, providing access to various trading tools such as currency baskets and exchange-traded derivatives. Cross-currency pairs are used for hedging and speculation, with the value of one curre

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Canada Exchange Rate.

A tabular presentation of private sector exchange rate forecasts, includes 2013 and 2014 average annual exchange rate by financial institution, for conversion of United States cents to Canadian dollars, as of May 23,2013

Canada CA: Real Effective Exchange Rate: Constant Trade Weights data was reported at 0.984 Index, 2015 in Dec 2025. This records a decrease from the previous number of 0.984 Index, 2015 for Sep 2025. Canada CA: Real Effective Exchange Rate: Constant Trade Weights data is updated quarterly, averaging 1.030 Index, 2015 from Mar 2007 (Median) to Dec 2025, with 76 observations. The data reached an all-time high of 1.287 Index, 2015 in Dec 2007 and a record low of 0.929 Index, 2015 in Jun 2020. Canada CA: Real Effective Exchange Rate: Constant Trade Weights data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Effective Exchange Rate: Forecast: OECD Member: Quarterly. EXCHER-Real effective exchange rate, constant trade weightsIndex, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

Canada CA: Purchasing Power Parity: National Currency per USD: Single Hit Scenario data was reported at 1.208 USD/CAD in Dec 2021. This stayed constant from the previous number of 1.208 USD/CAD for Sep 2021. Canada CA: Purchasing Power Parity: National Currency per USD: Single Hit Scenario data is updated quarterly, averaging 1.201 USD/CAD from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 1.254 USD/CAD in Sep 2015 and a record low of 0.868 USD/CAD in Mar 1962. Canada CA: Purchasing Power Parity: National Currency per USD: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. PPP - Purchasing power parity, national currency per USD

Canada Foreign Exchange Rate: Daily Average: Hong Kong Dollar data was reported at 0.180 HKD/CAD in Apr 2025. This records a decrease from the previous number of 0.185 HKD/CAD for Mar 2025. Canada Foreign Exchange Rate: Daily Average: Hong Kong Dollar data is updated monthly, averaging 0.170 HKD/CAD from Jan 2017 (Median) to Apr 2025, with 100 observations. The data reached an all-time high of 0.185 HKD/CAD in Jan 2025 and a record low of 0.156 HKD/CAD in May 2021. Canada Foreign Exchange Rate: Daily Average: Hong Kong Dollar data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M014: Foreign Exchange Rate.

The ad spending is forecast to experience significant growth in all segments in 2028. Comparing the four different segments for the year 2028, the segment 'Real Estate' leads the ranking with 128.48 million U.S. dollars. Contrastingly, 'Motor' is ranked last, with 102.68 million U.S. dollars. Their difference, compared to Real Estate, lies at 25.8 million U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of average revenue per user (ARPU) in the United States and a comparison of ad spending in the United States. The Statista Market Insights cover a broad range of additional markets.

Canada Foreign Exchange Rate: Daily Average: US Dollar data was reported at 1.399 USD/CAD in Apr 2025. This records a decrease from the previous number of 1.436 USD/CAD for Mar 2025. Canada Foreign Exchange Rate: Daily Average: US Dollar data is updated monthly, averaging 1.323 USD/CAD from Jan 2017 (Median) to Apr 2025, with 100 observations. The data reached an all-time high of 1.439 USD/CAD in Jan 2025 and a record low of 1.213 USD/CAD in May 2021. Canada Foreign Exchange Rate: Daily Average: US Dollar data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M014: Foreign Exchange Rate.

A tabular presentation of the United States exchange rate forecasts for 2012 and 2013 by 6 private sector institutions.

The statistic depicts the public cloud computing spending forecast in Canada in 2019 and 2023. In Canada, spending on public cloud computing was forecast to reach 10.3 billion Canadian dollars in 2023, growing at a CAGR of 16 percent during the forecast period.

Canada Nominal Effective Exchange Rate: Chain-Linked: Overall Weights data was reported at 93.895 Index, 2021 in Dec 2026. This stayed constant from the previous number of 93.895 Index, 2021 for Sep 2026. Canada Nominal Effective Exchange Rate: Chain-Linked: Overall Weights data is updated quarterly, averaging 94.676 Index, 2021 from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 120.340 Index, 2021 in Dec 2007 and a record low of 79.395 Index, 2021 in Sep 1986. Canada Nominal Effective Exchange Rate: Chain-Linked: Overall Weights data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Effective Exchange Rate: Forecast: OECD Member: Quarterly.

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2020 to 2030 in billion U.S. dollars. In 2024, GDP of Canada amounted to about 2.24 trillion U.S. dollars and GDP of the United States amounted to about 29.18 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 31.43 trillion U.S. dollars that year.

This statistic shows the forecasted growth of the Canadian Infrastructure as a Service (IaaS) market between 2015 and 2018. In 2018, the Infrastructure as a Service market in Canada is predicted to double to 1.2 billion Canadian dollars by 2018. Infrastructure as a service (IaaS) is a service model delivering computer infrastructure on an outsourced basis to support enterprise operations. Globally, among the best-known IaaS providers are Amazon S3, DigitalOcean, and Microsoft Azure.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product in Canada was around 2.41 trillion U.S. dollars. The economy of Canada Canada is the second biggest country in the world after Russia and the biggest country in North America. Despite its large size, Canada has a relatively small population of just around 35.9 million people. However, the total population in Canada is estimated to grow to around 37.5 million inhabitants in 2020. The standard of living in the country is pretty high, the life expectancy as of 2013 in Canada ranks as one of the highest in the world. In addition, the country ranks number eight on the Human Development Index (HDI) worldwide. All key factors point to a stable and sustainable economy. Not only is Canada’s population increasing, but the economy has been slowly recovering after the global financial crisis in 2008. The unemployment rate in Canada in 2010 was at approximately 8 percent (263696). Today, the unemployment rate in Canada is estimated to be around 6.8 percent, and it is estimated to decrease further. During the financial crisis in 2008, Canada's inflation rate amounted to around 2.4 percent. By 2013, the inflation rate was at less than 1 percent in comparison to the previous year. Canada is considered to be one of the world’s wealthiest countries. By value of private financial wealth, Canada ranked seventh along with Italy. In addition, its gross domestic product per capita in 2014 was among the largest in the world and during the same year, its gross domestic product increased by over 2.5 percent in comparison to the previous year. Canada’s economic growth has been a result of its political stability and economic reforms following the global financial crisis. In the period between 2009 and 2010, Canada was among the leading countries with the highest political stability in the world.

According to the forecast, the Canadian commercial real estate investment market was headed for recovery from the coronavirus (COVID-19) crisis. Investment volumes are expected to increase across all real estate sectors, with the multifamily investment sector attracting close to 12 billion Canadian dollars in 2021, up from approximately 11 billion Canadian dollars in 2020 and ten billion Canadian dollars in 2019. While the outlook might be overall optimistic, the total volume of investment forecast for 2021 is expected to be below the levels recorded in 2019.