Rates in USD, Bank of Canada, 2026-10-08
1 CAD = 0.7022 USD1 AUD = 0.6954 USD1 CHF = 1.2009 USD1 CNY = 0.1492 USD1 EUR = 1.1201 USD1 GBP = 1.3218 USD1 JPY = 0.0063 USDGold $4,193.70 /oz1 CAD = 0.7022 USD1 AUD = 0.6954 USD1 CHF = 1.2009 USD1 CNY = 0.1492 USD1 EUR = 1.1201 USD1 GBP = 1.3218 USD1 JPY = 0.0063 USDGold $4,193.70 /oz

Glossary

Plain-language definitions of loan and investment terms.

Amortization
Paying off a loan in regular instalments that cover both interest and part of the principal, until the balance reaches zero.
APR (annual percentage rate)
The yearly cost of borrowing, shown as a percentage. It includes interest and some fees, so it helps you compare loans. See What is APR?
Collateral
An asset you pledge to a lender to secure a loan. If you cannot repay, the lender may take it. See What is collateral?
Credit score
A number that summarises how reliably you have repaid debts in the past. Lenders use it to judge risk.
Default
Failing to repay a loan as agreed.
Diversification
Spreading money across different investments to reduce the effect of any single one doing badly. See What is diversification?
Dividend
A payment some companies make to shareholders from their profits.
Guarantor
A person who agrees to repay a loan if the borrower cannot.
Inflation
The general rise in prices over time, which reduces what money can buy.
Interest rate
The percentage a lender charges for borrowing money, or a saver or investor may earn, usually per year.
Liquidity
How quickly an asset can be turned into cash without losing much value.
Maturity
The date when a loan or fixed-term investment ends and the principal is due.
Principal
The original amount borrowed or invested, before interest.
Secured loan
A loan backed by collateral. See Secured vs unsecured loans.
Unsecured loan
A loan with no collateral. Approval depends mainly on your creditworthiness.
Yield
The income an investment produces, usually shown as a percentage of its price or value.