If you’re sitting on 105 Canadian dollars and wondering if today is the day to swap them for greenbacks, you’re looking at about $75.48 USD.
But currency isn't static. It's a vibrating, nervous thing. That number changes while you're drinking your coffee. Right now, the Loonie is doing a weird dance with the U.S. Dollar. On one hand, Canada’s economy is showing some real "staying power," as Dr. Alexis Crow recently noted in a PwC outlook. On the other hand, the U.S. economy remains an absolute titan, pulling Canadian investment southward like a magnet.
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When you convert 105 CAD to USD today, you’re seeing the result of two central banks—the Bank of Canada and the Fed—playing a very high-stakes game of "who blinks first" with interest rates.
The Real Value of 105 CAD to USD Today
Kinda crazy how much a few percentage points in interest can change your vacation budget, right?
As of mid-January 2026, the exchange rate is hovering around 0.7188.
To save you the mental math, here is how that 105 CAD breaks down in the real world:
- Gross Exchange: $75.48 USD.
- The "Bank Reality": If you walk into a TD or RBC branch, you won't get that. After their 2-3% spread, you're likely walking out with closer to $73.20 USD.
- The Airport Trap: If you're at Pearson or Vancouver International, expect a "convenience fee" that drops your $105 CAD down to maybe **$69.00 USD**. Basically, don't do it.
Honestly, the Loonie has been under some pressure lately. We’ve seen a nine-day rally for the USD recently that slammed into what technical analysts call "pivotal resistance" near the 1.39 mark. If the USD breaks past that, your 105 CAD is going to buy even fewer burgers in Florida.
Why the Loonie is Feeling Tweaky
Why isn't the Canadian dollar stronger? It’s a mix of oil, interest rates, and a bit of political anxiety.
First, let's talk about the Bank of Canada (BoC). Tiff Macklem and the crew held the policy rate at 2.25% back in December. They’re basically sitting on their hands, waiting to see if inflation stays dead. Meanwhile, the U.S. Fed is also in a "wait and see" mode, though their rates are still slightly more restrictive. When U.S. rates are higher than Canadian rates, big money flows to the U.S. to chase those yields. This weakens the CAD.
Then there's the oil factor. WTI crude is sitting in the high $50s. For Canada—an energy superpower—that’s just... okay. It's not great.
Plus, the "WTI-WCS spread" (the discount Canadian heavy oil sells for) has been widening. This is partly due to fears that Venezuelan crude might flood the market again. Less oil revenue means fewer people buying Canadian dollars, which keeps that 105 CAD to USD conversion lower than we'd like.
The 2026 Economic Forecast
Most experts, including those at BMO and Scotiabank, think the Canadian dollar might actually climb later this year. Sadiq Adatia at BMO Global Asset Management thinks the CAD could appreciate in the first half of 2026.
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Why? Because the Fed is expected to cut rates once or twice more this year, while the Bank of Canada might actually look at a hike by late 2026 if the labor market stays hot.
What Most People Get Wrong About Currency Swaps
People often think the "mid-market rate" they see on Google is what they get. It’s not.
If you’re moving exactly 105 CAD, you’re in a tough spot. Most high-end platforms like Wise or Revolut have minimums or fixed fees that eat small amounts alive.
If you’re an expat or a freelancer getting paid in CAD, you've gotta be strategic. Using a standard bank for a $105 transfer is basically lighting five bucks on fire.
Surprising Factors Influencing the Rate
- USMCA Jitters: The trade deal is up for review. Any "America First" rhetoric tends to spook the Loonie immediately.
- Population Growth: Canada’s population growth has cooled significantly. While this helps the housing crisis, it can dampen overall GDP growth, making the currency less attractive to international investors.
- The "Big Beautiful Bill": U.S. tax breaks have made the States very attractive for Canadian pension funds. When our own funds move money south, they sell CAD and buy USD.
Actionable Steps for Your Money
If you need to turn 105 CAD into USD right now, don't just wing it.
Watch the 1.39 Resistance Level
If the USD/CAD pair stays below 1.39, the Canadian dollar has a chance to claw back some ground. If it breaks above 1.40, your $105 CAD is going to lose value fast. Check the "Forex" section of any financial news site—if you see "USD/CAD" climbing, wait to buy your USD if you can.
Use Digital Wallets for Small Amounts
For exactly 105 CAD, skip the wire transfer. Use an app like Revolut or a no-FX-fee credit card (like the ones from EQ Bank or Wealthsimple) if you’re actually spending the money in the States. You’ll save about $3 to $5 compared to a big bank.
Consider the Timing
Market volatility is highest when the New York and London markets overlap (usually 8:00 AM to 12:00 PM EST). If you want the most stable rate, try to convert your 105 CAD in the late afternoon when things have calmed down, unless there's a big Fed announcement scheduled.
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The bottom line? Your 105 CAD is currently worth about $75.48 USD, but with the Bank of Canada on pause and trade risks looming, that number is going to be a moving target all through 2026. Keep an eye on those oil prices—they’re usually the best "early warning" system for the Loonie’s health.