CAD to USD exchange rate

As of October 20, 2026 at 10:59 a.m. ET, 1 Canadian dollar equals 0.7118 US dollars at the mid-market rate, and 1 US dollar equals 1.4049 Canadian dollars. Customer rates include a provider margin.

On October 20, 2026, the five banks compared showed FX margins from 2.19% to 2.94% for a customer buying US dollars, each measured against the market rate stored nearest to the time its rate was recorded. For 7,000 Canadian dollars, the published rates give 4,837.93 to 4,873.63 US dollars. Fees, where a bank publishes them, are separate.

Among the five banks compared on October 20, 2026, RBC showed the lowest observed FX margin for a customer buying US dollars, 2.19%, recorded at 8:52 a.m. ET. Scotiabank showed the highest, 2.94%. The comparison covers published rates only and changes each business day.

On October 20, 2026 at 10:59 a.m. ET, 1,000 Canadian dollars equal 711.77 US dollars at the mid-market rate of 0.7118. Banks and exchanges add a margin, so the amount a customer receives is lower.

At the mid-market rate (October 20, 2026 at 10:59 a.m. ET), 10,000 Canadian dollars are worth 7,117.74 US dollars. At the published rates of the five banks compared on October 20, 2026, it is 6,911.33 to 6,962.33 US dollars before fees. RBC refers conversions over CAD $10,000 to a branch and Scotiabank's published rates apply up to $9,999, so ask for a quote.

Compare the US dollars you receive after all fees, not the advertised rate alone. To hold US dollars in Canada, compare your bank's rate with a currency exchange specialist's quote. To send US dollars to a US account, compare transfer services by the amount received after fees. Then check the offer in the quote checker against the mid-market rate.

They cover different situations. For sending 7,000 Canadian dollars to a US bank account, Wise reported 4,955.65 US dollars after its fee (collected Oct 20, 11:02 a.m. ET). The five banks compared on October 20, 2026 published rates that give 4,837.93 to 4,873.63 US dollars into a Canadian US dollar account, before any fees. Compare the amount you would receive for your own route and amount.

At banks, which publish separate cash rates and may require an account or advance order, and at currency exchange storefronts, which quote their own rates. Cash rates are not the same as the non-cash rates on this page. Phone two or three providers on the day and compare the US dollars you would receive.

Divide your Canadian dollars by the mid-market rate at the same time to get their value in US dollars, then subtract the US dollars you actually receive after all fees. For example, 7,000.00 Canadian dollars at 1.4363 with a 15.00 Canadian dollar fee buys 4,863.19 US dollars, against 4,982.42 at the mid-market rate of 1.4049: a cost of 119.23 US dollars, or 2.39%.

This page does not forecast exchange rates. For context, the Bank of Canada daily rate was between 0.7007 and 0.7132 US dollars for 1 Canadian dollar in the 30 days to October 19, 2026. The provider's margin and fees are known today, while future rate moves are not, so many people compare providers first and decide on timing separately.

The market rate is stored every 15 minutes on business days; it was last updated October 20, 2026 at 10:59 a.m. ET. Bank rates are recorded each business day morning. History figures use the Bank of Canada daily rate, published around 4:30 p.m. ET; the latest is for October 19, 2026.