Canadian Dollar to US Dollar Exchange Rate Today

How much is 1 Canadian Dollar in US Dollars?

One Canadian Dollar is equal to 0.73 US Dollars.

How much is 100 Canadian Dollars in US Dollars?

The value of 100 CAD is 73.22 USD.

How much is 250 Canadian Dollars in US Dollars?

The value of 250 CAD is 183.05 USD.

How much is 500 Canadian Dollars in US Dollars?

The value of 500 CAD is 366.10 USD.

How much is 600 Canadian Dollars in US Dollars?

The value of 600 CAD is 439.32 USD.

How much is 1000 Canadian Dollars in US Dollars?

The value of 1000 CAD is 732.20 USD.

How much is 2000 Canadian Dollars in US Dollars?

The value of 2000 CAD is 1,464.40 USD.

Use our Canadian Dollar to US Dollar calculator to calculate other currency amounts.

Why is Canadian dollar worth less than U.S. Dollar?

The relative value of the Canadian Dollar (CAD) compared to the U.S. Dollar (USD) is influenced by various factors, with one key factor being the price of oil. The Canadian dollar tends to fluctuate significantly based on oil prices. When oil prices are high, the Canadian dollar tends to strengthen, and conversely, when oil prices are low, the Canadian dollar may weaken.

In the past, there was a period when the Canadian dollar was worth more than the U.S. dollar. This occurred around 2011 when Canadian exports were in high demand from the United States, coinciding with a period of rising energy costs. The increased demand for Canadian goods, coupled with the higher energy prices, contributed to the Canadian dollar's strength relative to the U.S. dollar during that time.

Conversely, when oil prices declined due to overproduction or other factors, as has been the case in recent times, the Canadian dollar experienced a decline in value relative to the U.S. dollar. The relationship between the Canadian dollar and oil prices is due to Canada's significant role as a major exporter of oil and other natural resources. The country's economy is closely tied to the performance of these commodities in global markets.

In summary, the value of the Canadian dollar in relation to the U.S. dollar is influenced by a complex interplay of factors, with the price of oil being a prominent driver. Economic conditions, trade balances, and demand for Canadian exports also contribute to the fluctuations in the exchange rate between the Canadian and U.S. dollars.

What is the Canadian dollar called?

The Canadian Dollar is often colloquially referred to as the "loonie". This nickname comes from the image of a common loon, a bird, which is featured on one side of the Canadian one-dollar coin. The term "loonie" is widely used in everyday conversation when talking about the Canadian currency. Additionally, the two-dollar coin in Canada is sometimes referred to as the "toonie", a play on the word "loonie".