US Dollar / Canadian Dollar

USD/CAD shows how many Canadian dollars one US dollar is worth. The Canadian dollar, known in the market by the nickname 'Loonie', takes its name from the loon bird depicted on the one-dollar coin and is managed by the Bank of Canada.

Canada is a significant crude oil exporter, and most of its exports go to the US. For this reason, rising oil prices often support the Canadian dollar and can pull USD/CAD lower, while falling oil prices can have the opposite effect. Trade relations between the two countries and developments regarding tariffs also matter when following the rate.

The gap between Bank of Canada and Fed interest rate decisions and both countries' employment and inflation data are the other factors that set the pair. Lzzo.com shows a cross reference rate for USD/CAD calculated from market exchange rates; it is not an exchange office or bank price.