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Canadian Dollar (CAD) Live Exchange Rate & Remittance Guide
CAD · CA$ · Bank of Canada
1 USD =
CA$1.3588
Live (cached)
About the Canadian Dollar
The Canadian Dollar was introduced in 1858, replacing the Canadian pound. It floated freely from 1970, creating what became known as the 'petrodollar' due to Canada's oil exports, making CAD sensitive to commodity prices.
Why CAD matters for remittance
Canada has a large South Asian diaspora. The CAD→INR corridor is growing rapidly with increasing Indian immigration to Canada. Over $5 billion CAD is sent to India annually.
Compare CAD corridors
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Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.