Bank of Canada exchange rates are nominal quotations - not buying or selling rates - and are intended for statistical or analytical purposes. Rates available from financial institutions will differ. Rates are expressed in Canadian dollars, converted from U.S. dollars.
Exchange rate: A backgrounder explaining the role of the exchange rate in Canada's economy.
The noon exchange rate for the Canadian dollar against the U.S. dollar is calculated to reflect the trades that take place between 11:59 a.m. and 12:01 p.m. All other Canadian dollar noon exchange rates are derived from the US$/Can$ exchange rate and from indicative wholesale market quotes for a broad array of other currencies. Although obtained from sources believed to be reliable, the data are for informational purposes only, and the Bank of Canada does not guarantee their accuracy or completeness.
The noon rates are updated by about 12:45 p.m. ET at month-end and 12:30 p.m. ET on other business days. The closing rates are based on official parities or market rates and are updated at about 16:30 p.m. ET on the same business day.