The CAD to Euro rate changes daily based on global market forces. It’s driven by:

Market activity: Currency demand and supply in the forex market.

Interest rates: Decisions by the Bank of Canada and the ECB.

Economic data: GDP, inflation, and employment trends in both regions.

Commodity prices: Especially oil, which heavily influences the CAD.

Political events & sentiment: Stability or uncertainty in Canada or Europe.

Investor speculation: Expectations about future growth and policy shifts.

Bottom line:
Exchange rates move constantly, so timing and provider choice matter. Monitoring trends and comparing rates can help you get better value when converting CAD to Euro.