Why is the CAD so weak against the USD?

Since then, it has become very difficult for the CAD to surpass the USD. Several factors have contributed to the CAD’s weakness against the USD, including the plunging oil prices. Economic factors such as inflation rates, interest rates, and prices of commodities also have a hand in the varying USD/CAD currency exchange rates.

What's happening with USD to CAD?

USD to CAD is now at 1.233. That message brought the US central bank closer to the position of the Bank of Canada which had jumped in front of its peers in projecting reduced asset purchases and rate hikes.

What is a USDCAD spot exchange rate?

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date.