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

How Compound Interest Works

Compound interest means you earn interest not only on your original amount but also on the interest already added. Over long periods, this can make growth speed up.

A simple idea

The longer money stays invested and the more regularly you add to it, the more compounding can matter. The same effect works against you on debt that grows.

Try it

Use our investment growth calculator to see an illustration. It uses a return you choose, so it is an example, not a forecast.

Real returns vary and are not guaranteed. Investments can lose value.

General information only, not advice. See our glossary.

Frequently asked questions

Is compound growth guaranteed?

No. Returns vary, and investments can lose value.

Does compounding apply to loans?

Yes. Interest that is added to a balance can itself earn interest, which raises the cost.

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